# PPP loan: DESERT ALARM INC.
> **$400K** approved 04/05/2020 · Paid in Full · Loan `5301127002`
## Borrower
- **Name:** DESERT ALARM INC.
- **Address:** 73168 HIGHWAY 111, PALM DESERT, CA, 92260-2725
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $100K
- **Jobs reported:** 36
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*