# PPP loan: AKM MFG, INC.
> **$518K** approved 04/09/2020 · Paid in Full · Loan `9923057008`
## Borrower
- **Name:** AKM MFG, INC.
- **Address:** CALLE A URB IND MARIO JULIA #418 STE 1, SAN JUAN, PR, 00920-2005
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $389K
- **Rent:** $125K
- **Utilities:** $5K
- **Jobs reported:** 90
## 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*