# PPP loan: COCOA BEACH MOTEL INC.
> **$1.23M** approved 04/13/2020 · Paid in Full · Loan `4479367105`
## Borrower
- **Name:** COCOA BEACH MOTEL INC.
- **Address:** 2210 S Atlantic Ave, COCOA BEACH, FL, 32931-2235
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 195
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*