# PPP loan: NEW WAVES LLC
> **$253K** approved 04/28/2020 · Paid in Full · Loan `1527817307`
## Borrower
- **Name:** NEW WAVES LLC
- **Address:** 9122 MIDNIGHT PASS RD UNIT 34, SARASOTA, FL, 34242-0000
- **NAICS:** 812112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $200K (79%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Jobs reported:** 3
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*