# PPP loan: MONTECITO CAFE, INC.
> **$151K** approved 04/14/2020 · Paid in Full · Loan `7309977101`
## Borrower
- **Name:** MONTECITO CAFE, INC.
- **Address:** 1311 STATE ST, SANTA BARBARA, CA, 93101-2609
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Mortgage interest:** $20K
- **Jobs reported:** 19
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*