# PPP loan: CENTRO ARARAT INC
> **$859K** approved 05/01/2020 · Paid in Full · Loan `9409527701`
## Borrower
- **Name:** CENTRO ARARAT INC
- **Address:** 8169 Calle Concordia Ste 412, PONCE, PR, 00717
- **NAICS:** 999990
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $859K
- **Initial approval:** $1.12M
- **Forgiven:** $871K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $859K
- **Jobs reported:** 122
## 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*