# PPP loan: GEOSOILS, INC.
> **$374K** approved 04/09/2020 · Paid in Full · Loan `9865247007`
## Borrower
- **Name:** GEOSOILS, INC.
- **Address:** 5741 PALMER WAY, CARLSBAD, CA, 92010-7246
- **NAICS:** 115112
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Rent:** $45K
- **Mortgage interest:** $6K
- **Utilities:** $15K
- **Jobs reported:** 19
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*