# PPP loan: MORITA PRODUCE CO
> **$627K** approved 04/15/2020 · Exemption 4 · Loan `9581017104`
## Borrower
- **Name:** MORITA PRODUCE CO
- **Address:** 1601 OLYMPIC BLVD E, LOS ANGELES, CA, 90021
- **NAICS:** 424480
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $627K
- **Initial approval:** $627K
- **Forgiven:** $368K (59%)
- **Forgiveness date:** 10/06/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $627K
- **Jobs reported:** 38
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*