# PPP loan: MONTEREY BAY HOTEL GROUP INC.
> **$153K** approved 04/27/2020 · Paid in Full · Loan `4954987201`
## Borrower
- **Name:** MONTEREY BAY HOTEL GROUP INC.
- **Address:** 850 ABREGO ST, MONTEREY, CA, 93940-3104
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 14
## Lender
- **Originating:** 1st Capital Bank
- **Servicing:** 1st Capital Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*