# PPP loan: MONTECITO FINANCIAL SERVICES, INC
> **$534K** approved 04/13/2020 · Paid in Full · Loan `5138577105`
## Borrower
- **Name:** MONTECITO FINANCIAL SERVICES, INC
- **Address:** 300 W GLENOAKS BLVD STE 200, GLENDALE, CA, 91202-2915
- **NAICS:** 525990
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $541K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Rent:** $107K
- **Utilities:** $27K
- **Jobs reported:** 30
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*