# PPP loan: RAFAEL J. NIDO INC.
> **$480K** approved 03/08/2021 · Paid in Full · Loan `7905608501`
## Borrower
- **Name:** RAFAEL J. NIDO INC.
- **Address:** 100 Road 866 Candelaria Arenas, Toa Baja, PR, 00949
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 03/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $480K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** Oriental Bank
- **Servicing:** Oriental Bank (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*