# PPP loan: WATERCREST ACQUISITION I LLC
> **$1.31M** approved 04/28/2020 · Paid in Full · Loan `1048177308`
## Borrower
- **Name:** WATERCREST ACQUISITION I LLC
- **Address:** 16650 W Dixie Hwy, North Miami Beach, FL, 33160
- **NAICS:** 623110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $994K
- **Mortgage interest:** $262K
- **Utilities:** $52K
- **Jobs reported:** 177
## Lender
- **Originating:** OptimumBank
- **Servicing:** OptimumBank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*