# PPP loan: MORNING GRACE HOLDINGS INC.
> **$426K** approved 04/04/2020 · Paid in Full · Loan `5023587010`
## Borrower
- **Name:** MORNING GRACE HOLDINGS INC.
- **Address:** 550 W DATE ST Suite C, SAN DIEGO, CA, 92101-2589
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $460K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $345K
- **Rent:** $58K
- **Utilities:** $9K
- **Health care:** $14K
- **Jobs reported:** 2
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*