# PPP loan: MULTIPAK POSTAL SERVICE INC.
> **$177K** approved 04/28/2020 · Exemption 4 · Loan `8992527202`
## Borrower
- **Name:** MULTIPAK POSTAL SERVICE INC.
- **Address:** 400 JUAN CALAF STREET Suite 81, San Juan, PR, 00918
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $109K (61%)
- **Forgiveness date:** 08/30/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 57
## 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*