# PPP loan: ACR SYSTEMS INC
> **$427K** approved 04/28/2020 · Paid in Full · Loan `6703807209`
## Borrower
- **Name:** ACR SYSTEMS INC
- **Address:** URB RIO PLANTATION 13 CALLE 2W, BAYAMON, PR, 00960
- **NAICS:** 333415
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $412K
- **Utilities:** $15K
- **Jobs reported:** 47
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*