# PPP loan: MENDEZ & CO., INC.
> **$4.64M** approved 04/08/2020 · Paid in Full · Loan `8693477004`
## Borrower
- **Name:** MENDEZ & CO., INC.
- **Address:** Carr 20 KM 2.4, GUAYNABO, PR, 00966-3314
- **NAICS:** 424820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.64M
- **Initial approval:** $4.64M
- **Forgiven:** $4.36M (94%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.18M
- **Utilities:** $280K
- **Health care:** $184K
- **Jobs reported:** 487
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*