# PPP loan: ARROYO MEDICAL GROUP INC.
> **$361K** approved 04/04/2020 · Paid in Full · Loan `4719417009`
## Borrower
- **Name:** ARROYO MEDICAL GROUP INC.
- **Address:** 931 OAK PARK BLVD STE 101, PISMO BEACH, CA, 93449-3216
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $373K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Rent:** $26K
- **Utilities:** $4K
- **Health care:** $30K
- **Debt interest:** $3K
- **Jobs reported:** 26
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*