# PPP loan: ALFREDO SOEGAARD E HIJOS INC.
> **$355K** approved 04/15/2020 · Paid in Full · Loan `8610857104`
## Borrower
- **Name:** ALFREDO SOEGAARD E HIJOS INC.
- **Address:** CENTRO COM VILLAS DEL RIO GRANDE, 6 CALLE PIMENTEL, RIO GRANDE, PR, 00745
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $358K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $61K
- **Utilities:** $24K
- **Jobs reported:** 133
## 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*