# PPP loan: PLATINUM SOUTH INC.
> **$230K** approved 05/11/2020 · Paid in Full · Loan `4993477400`
## Borrower
- **Name:** PLATINUM SOUTH INC.
- **Address:** 2355 Northeast 163rd Street, North Miami Beach, FL, 33160
- **NAICS:** 722310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $231K (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $46K
- **Utilities:** $23K
- **Jobs reported:** 72
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*