# PPP loan: HERB'S PLACE
> **$450K** approved 04/14/2020 · Paid in Full · Loan `6433487110`
## Borrower
- **Name:** HERB'S PLACE
- **Address:** 146 S FAIRVIEW AVE, GOLETA, CA, 93117-3322
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $360K
- **Rent:** $47K
- **Mortgage interest:** $4K
- **Utilities:** $25K
- **Health care:** $15K
- **Jobs reported:** 90
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*