# PPP loan: INSTITUTO PSICOPEDAGOGICO DE PUERTO RICO
> **$687K** approved 04/14/2020 · Paid in Full · Loan `7337527103`
## Borrower
- **Name:** INSTITUTO PSICOPEDAGOGICO DE PUERTO RICO
- **Address:** CARRETERA 2 KM 8 HM 5, BAYAMON, PR, 00959
- **NAICS:** 623210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $687K
- **Initial approval:** $687K
- **Forgiven:** $695K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $666K
- **Utilities:** $20K
- **Jobs reported:** 180
## 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*