# PPP loan: ACADEMIA BAUTISTA DE PUERTO NUEVO INC
> **$420K** approved 04/15/2020 · Paid in Full · Loan `8567887106`
## Borrower
- **Name:** ACADEMIA BAUTISTA DE PUERTO NUEVO INC
- **Address:** 1136 JESUS T PINERO AVE PUERTO NUEVO, SAN JUAN, PR, 00920
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Rent:** $9K
- **Mortgage interest:** $10K
- **Utilities:** $30K
- **Jobs reported:** 99
## 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*