# PPP loan: THE PALMAS ACADEMY INC
> **$215K** approved 05/01/2020 · Paid in Full · Loan `9342947703`
## Borrower
- **Name:** THE PALMAS ACADEMY INC
- **Address:** Palmas del Mar, 10 Academy Drive, Humacao, PR, 00791
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **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*