# PPP loan: MONTEREY SPINE & JOINT PROFESSIONAL CORPORATION
> **$1.37M** approved 04/06/2020 · Paid in Full · Loan `6160067008`
## Borrower
- **Name:** MONTEREY SPINE & JOINT PROFESSIONAL CORPORATION
- **Address:** 12 UPPER RAGSDALE DR, MONTEREY, CA, 93940-5730
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.60M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 125
## Lender
- **Originating:** 1st Capital Bank
- **Servicing:** 1st Capital Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*