# PPP loan: ASPHALT SURFACING INC
> **$412K** approved 04/14/2020 · Paid in Full · Loan `7622767104`
## Borrower
- **Name:** ASPHALT SURFACING INC
- **Address:** 980 Ames Ave, MILPITAS, CA, 95035
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $415K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $52K
- **Utilities:** $52K
- **Jobs reported:** 25
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*