# PPP loan: PONCE MEDICAL SCHOOL FOUNDATION INC.
> **$1.13M** approved 06/19/2020 · Paid in Full · Loan `9052537907`
## Borrower
- **Name:** PONCE MEDICAL SCHOOL FOUNDATION INC.
- **Address:** Urb. Industrial Reparada 388 Calle Luis F. Sala, PONCE, PR, 00716
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.13M
- **Jobs reported:** 127
## Lender
- **Originating:** Oriental Bank
- **Servicing:** Oriental Bank (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*