# PPP loan: SUMMERSET ASSISTED LIVING
> **$872K** approved 04/28/2020 · Paid in Full · Loan `1550277309`
## Borrower
- **Name:** SUMMERSET ASSISTED LIVING
- **Address:** 2341 Vehicle Drive, Rancho Cordova, CA, 95661
- **NAICS:** 623110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $872K
- **Initial approval:** $872K
- **Forgiven:** $879K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $872K
- **Jobs reported:** 65
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*