# PPP loan: INSTITUTO NUEVA ESCUELA INC
> **$673K** approved 05/01/2020 · Paid in Full · Loan `9267307709`
## Borrower
- **Name:** INSTITUTO NUEVA ESCUELA INC
- **Address:** 1101 AVE PONCE DE LEON ALTOS ESQ PASEO DE DIEGO, SAN JUAN, PR, 00925
- **NAICS:** 611699
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $662K (98%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $673K
- **Jobs reported:** 277
## 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*