# PPP loan: THE DRAKE IN LAGUNA LLC
> **$280K** approved 02/27/2021 · Paid in Full · Loan `5432908508`
## Borrower
- **Name:** THE DRAKE IN LAGUNA LLC
- **Address:** 2894 S Coast Hwy, Laguna Beach, CA, 92651-3964
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $284K (102%)
- **Forgiveness date:** 09/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $280K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*