# PPP loan: AMERICAN TUGS INCORPORATED
> **$422K** approved 04/28/2020 · Paid in Full · Loan `9611517201`
## Borrower
- **Name:** AMERICAN TUGS INCORPORATED
- **Address:** 1010 CALLE ORCHID Apt 1104 Cond Mont Blanc, SAN JUAN, PR, 00926-5977
- **NAICS:** 483111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $417K
- **Rent:** $5K
- **Jobs reported:** 36
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*