# PPP loan: MONTROSS COMPANIES INC.
> **$1.50M** approved 04/23/2021 · Charged Off · Loan `8971278806`
## Borrower
- **Name:** MONTROSS COMPANIES INC.
- **Address:** 22391 Gilberto, Rancho Santa Margarita, CA, 92688-2103
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $324K (22%)
- **Forgiveness date:** 11/25/2022
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $1.50M
- **Utilities:** $1
- **Jobs reported:** 89
## Lender
- **Originating:** Capital Plus Financial, LLC
- **Servicing:** Capital Plus Financial, LLC (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*