# PPP loan: SURTERRE PROPERTIES INC
> **$500K** approved 04/08/2020 · Paid in Full · Loan `8113517008`
## Borrower
- **Name:** SURTERRE PROPERTIES INC
- **Address:** 1400 Newport Center Drive Suite 100, NEWPORT BEACH, CA, 92660-0923
- **NAICS:** 531210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 29
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*