# PPP loan: 1244 OCEAN DRIVE LLC
> **$243K** approved 04/06/2020 · Paid in Full · Loan `5605737007`
## Borrower
- **Name:** 1244 OCEAN DRIVE LLC
- **Address:** 1244 ocean drive, MIAMI BEACH, FL, 33139
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Utilities:** $61K
- **Jobs reported:** 55
## 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*