# PPP loan: TESORO EN MADERAS II INC
> **$287K** approved 05/01/2020 · Paid in Full · Loan `9454447700`
## Borrower
- **Name:** TESORO EN MADERAS II INC
- **Address:** BO BARRAZAS CARR 853 KM 11 HM 3, CAROLINA, PR, 00987
- **NAICS:** 444110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Utilities:** $9K
- **Jobs reported:** 42
## 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*