# PPP loan: PONCE PROPERTIES MANAGEMENT INC.
> **$311K** approved 04/15/2020 · Paid in Full · Loan `9649627107`
## Borrower
- **Name:** PONCE PROPERTIES MANAGEMENT INC.
- **Address:** CORONA COMMERCIAL PARK, CALLE PROGRESO 54, PDA PISO 20, SAN JUAN, PR, 00909
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $14K
- **Utilities:** $22K
- **Jobs reported:** 50
## 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*