# PPP loan: TERRACES FACILITY INC
> **$759K** approved 04/28/2020 · Paid in Full · Loan `7207537206`
## Borrower
- **Name:** TERRACES FACILITY INC
- **Address:** 1711 6TH AVENUE SOUTH, LAKE WORTH, FL, 33460
- **NAICS:** 623110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $759K
- **Initial approval:** $829K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $759K
- **Jobs reported:** 107
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*