# PPP loan: MONTALVO ASSOCIATION
> **$649K** approved 02/19/2021 · Paid in Full · Loan `1832038508`
## Borrower
- **Name:** MONTALVO ASSOCIATION
- **Address:** 15400 Montalvo Rd, Saratoga, CA, 95070-6327
- **NAICS:** 712120
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $649K
- **Initial approval:** $649K
- **Forgiven:** $658K (101%)
- **Forgiveness date:** 07/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $649K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*