# PPP loan: ENCANTO RESTAURANTS INC
> **$9.73M** approved 04/08/2020 · Paid in Full · Loan `8283167002`
## Borrower
- **Name:** ENCANTO RESTAURANTS INC
- **Address:** 9615 AVE LOS ROMEROS 200 Montehiedra Office Centre, SAN JUAN, PR, 00926-7037
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $9.73M
- **Initial approval:** $9.73M
- **Forgiven:** $9.84M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.30M
- **Rent:** $1.36M
- **Utilities:** $1.07M
- **Jobs reported:** 500
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*