# PPP loan: MORTON & PITALO, INC.
> **$877K** approved 04/07/2020 · Paid in Full · Loan `7641787007`
## Borrower
- **Name:** MORTON & PITALO, INC.
- **Address:** 75 IRON POINT CIR, FOLSOM, CA, 95630-8574
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $877K
- **Initial approval:** $1.01M
- **Forgiven:** $886K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $877K
- **Jobs reported:** 40
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*