# PPP loan: INDUSTRIA LECHERA DE PR, INC.
> **$997K** approved 04/15/2020 · Paid in Full · Loan `9709377107`
## Borrower
- **Name:** INDUSTRIA LECHERA DE PR, INC.
- **Address:** 198 Avendia Carlos E Chardon, SAN JUAN, PR, 00936-2949
- **NAICS:** 311511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $997K
- **Initial approval:** $997K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Utilities:** $247K
- **Jobs reported:** 106
## Lender
- **Originating:** Puerto Rico Farm Credit
- **Servicing:** Puerto Rico Farm Credit (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*