# PPP loan: MONTEREY MACHINE PRODUCTS INC
> **$220K** approved 05/22/2020 · Paid in Full · Loan `2098057800`
## Borrower
- **Name:** MONTEREY MACHINE PRODUCTS INC
- **Address:** 1504 WEST INDUSTRIAL PARK SUITE A, COVINA, CA, 91722-3413
- **NAICS:** 423860
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 24
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*