# PPP loan: 551 FLB 1 LLC
> **$2.45M** approved 04/05/2020 · Paid in Full · Loan `5425427000`
## Borrower
- **Name:** 551 FLB 1 LLC
- **Address:** 551 Fort Lauderdale Blvd., FORT LAUDERDALE, FL, 33304
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.45M
- **Initial approval:** $2.45M
- **Forgiven:** $2.48M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.84M
- **Utilities:** $612K
- **Jobs reported:** 282
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*