# PPP loan: 1220 ASSOCIATES LLC
> **$307K** approved 04/13/2020 · Paid in Full · Loan `5429077108`
## Borrower
- **Name:** 1220 ASSOCIATES LLC
- **Address:** 1220 20th Street, MIAMI BEACH, FL, 33139-1443
- **NAICS:** 713940
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $311K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Utilities:** $77K
- **Jobs reported:** 28
## 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*