# PPP loan: HIGHBEACH, INC
> **$1.30M** approved 04/06/2020 · Paid in Full · Loan `5830787007`
## Borrower
- **Name:** HIGHBEACH, INC
- **Address:** 1000 Market ST Bldg 1, Suite 300, PORTSMOUTH, NH, 03801-3358
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $971K
- **Utilities:** $324K
- **Jobs reported:** 127
## 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*