# PPP loan: LORITZ & ASSOCIATES INC
> **$388K** approved 04/13/2020 · Paid in Full · Loan `4875257109`
## Borrower
- **Name:** LORITZ & ASSOCIATES INC
- **Address:** 24895 E LA PALMA AVE, YORBA LINDA, CA, 92887-5531
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Jobs reported:** 26
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*