# PPP loan: MONTALVAN SALES INC
> **$609K** approved 05/02/2020 · Paid in Full · Loan `9459327306`
## Borrower
- **Name:** MONTALVAN SALES INC
- **Address:** 2225 S CASTLE HARBOUR PL, ONTARIO, CA, 91761
- **NAICS:** 424410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $609K
- **Initial approval:** $609K
- **Forgiven:** $618K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $457K
- **Rent:** $61K
- **Utilities:** $55K
- **Health care:** $27K
- **Debt interest:** $9K
- **Jobs reported:** 53
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*