# PPP loan: MANDEL COMMUNICATIONS INC.
> **$1.19M** approved 01/23/2021 · Paid in Full · Loan `5031048302`
## Borrower
- **Name:** MANDEL COMMUNICATIONS INC.
- **Address:** 820 Bay Ave Ste 113, Capitola, CA, 95010-2131
- **NAICS:** 611430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $660K
- **Forgiven:** $787K (66%)
- **Forgiveness date:** 06/09/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 44
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*