# PPP loan: EMPACADORA Y PROCESADORA DEL SUR, INC
> **$429K** approved 04/15/2020 · Paid in Full · Loan `8487077110`
## Borrower
- **Name:** EMPACADORA Y PROCESADORA DEL SUR, INC
- **Address:** Parque Industrial San Idelfonso, suite #2, Coamo, PR, 00769
- **NAICS:** 311612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $434K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $323K
- **Rent:** $15K
- **Utilities:** $90K
- **Jobs reported:** 102
## 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) · MORVS · CC0 1.0*