# PPP loan: MARTEL INCORPORATED
> **$539K** approved 05/07/2021 · Paid in Full · Loan `7813378910`
## Borrower
- **Name:** MARTEL INCORPORATED
- **Address:** 1990 EMILIANO POL 1990 ESQ LAS CUMBRES CARR 199, SAN JUAN, PR, 00926
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $539K
- **Initial approval:** $539K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $539K
- **Utilities:** $1
- **Jobs reported:** 61
## 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*