# PPP loan: MORRIS & GARRITANO INSURANCE AGENCY, INC.
> **$1.85M** approved 04/05/2020 · Paid in Full · Loan `5164857001`
## Borrower
- **Name:** MORRIS & GARRITANO INSURANCE AGENCY, INC.
- **Address:** 1122 LAUREL LN, SAN LUIS OBISPO, CA, 93401-5823
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Rent:** $231K
- **Utilities:** $231K
- **Jobs reported:** 125
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*