# PPP loan: 7450 OCEAN TERRACE LLC
> **$159K** approved 04/05/2020 · Paid in Full · Loan `5503687004`
## Borrower
- **Name:** 7450 OCEAN TERRACE LLC
- **Address:** 1035 N Miami Ave Ste 201, MIAMI, FL, 33136-3509
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $119K
- **Utilities:** $40K
- **Jobs reported:** 24
## 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*