# PPP loan: SOUTH BEACH GROUP HOTELS INC.
> **$1.06M** approved 04/06/2020 · Paid in Full · Loan `6090377000`
## Borrower
- **Name:** SOUTH BEACH GROUP HOTELS INC.
- **Address:** 855 Collins Ave, MIAMI BEACH, FL, 33139-5807
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $794K
- **Utilities:** $265K
- **Jobs reported:** 85
## 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*