# PPP loan: MICHAEL CASTELLI INC
> **$405K** approved 02/07/2021 · Paid in Full · Loan `5083218405`
## Borrower
- **Name:** MICHAEL CASTELLI INC
- **Address:** 73098 Highway 111, Palm Desert, CA, 92260-3902
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** FirstBank
- **Servicing:** FirstBank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*