Michael Raffo

Capitola, CA 95010

What this page is, and what it is not

This is SBA’s record of PPP loans, and nothing more. It says what the Small Business Administration published about loans to this borrower. It does not say what the business earned, how many people it employs, whether it was eligible, or whether a loan was proper, because none of that is in SBA’s file.

A borrower here is a name and an address exactly as SBA printed them. SBA publishes no identifier for a borrower, so a business that moved or spelled its name two ways appears as two borrowers, and two borrowers who share a name and an address appear as one. Many borrowers were sole proprietors who borrowed under their own names, and this page does not say whether a name is a person’s or a business’s. The street address is not shown.

Status and forgiveness are as of September 30, 2024. A charge-off means SBA paid the lender under its guarantee. Neither forgiveness nor a charge-off is a finding about the borrower.

The loans, in SBA’s record

$132.5 thousand
Approved: $132,480; The amount of every loan as it now stands, added together.; 1
Loan: 1 second draw.; $133.1 thousand
Forgiven: $133,061; The forgiveness amounts SBA records, as of September 30, 2024. Forgiveness and the amount approved are on different bases and do not compare.

How this compares

Amount approved: $132,480: By the amount SBA approved, ranks 1,102,402nd of 10,688,106 borrowers nationally, 148,352nd of 1,185,615 in California and 1,140th of 7,679 in the project’s county, Santa Cruz, CA. Larger than 89% of the 10,688,106 borrowers in SBA’s published loans, by amount approved. The project’s county is the one SBA printed on the borrower’s first loan, which need not be where the borrower is.

Each loan

5 more columns on a wider screen

Paycheck Protection Program loans to Michael Raffo, as SBA recorded them
Approved on	Draw	Amount	Status	Forgiven	Lender	Business type	Operating in
February 3, 2021	Second draw	$132.5 thousand$132,480	Paid in Full	$133.1 thousand$133,061	Santa Cruz County Bank	Subchapter S Corporation	Capitola, CA

Forgiveness and the amount approved are on different bases and do not compare. “Operating in” is where SBA records the business as operating, which is not always the mailing address above. Browse every PPP loan by state and lender.

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
PPP Data Dictionary — what the forgiveness field is · retrieved September 24, 2026

Data retrieved September 25, 2026