# PPP loan: MONTEREY PARK CONVALESCENT HOSPITAL INC
> **$836K** approved 05/01/2020 · Paid in Full · Loan `4938407703`
## Borrower
- **Name:** MONTEREY PARK CONVALESCENT HOSPITAL INC
- **Address:** 416 GARFIELD AVE., MONTEREY PARK, CA, 91755
- **NAICS:** 711219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $836K
- **Initial approval:** $836K
- **Forgiven:** $861K (103%)
- **Forgiveness date:** 05/19/2023
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $836K
- **Jobs reported:** 103
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*