# PPP loan: MONTECEDRO INC.
> **$1.10M** approved 04/29/2020 · Paid in Full · Loan `4014127310`
## Borrower
- **Name:** MONTECEDRO INC.
- **Address:** 605 E Huntington Drive Ste 207, MONROVIA, CA, 91016
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 124
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*