# PPP loan: BLAC INVESTMENTS INC.
> **$1.06M** approved 04/03/2020 · Paid in Full · Loan `4513097003`
## Borrower
- **Name:** BLAC INVESTMENTS INC.
- **Address:** 301 SE 16th St, CHIEFLAND, FL, 32626-0366
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $847K
- **Mortgage interest:** $71K
- **Utilities:** $71K
- **Debt interest:** $71K
- **Jobs reported:** 118
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*