# PPP loan: 347 SOMI, LLC
> **$262K** approved 04/07/2020 · Paid in Full · Loan `7408757002`
## Borrower
- **Name:** 347 SOMI, LLC
- **Address:** 6915 Red Road, Coral Gables, FL, 33143-3654
- **NAICS:** 722110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Rent:** $39K
- **Utilities:** $13K
- **Health care:** $7K
- **Debt interest:** $7K
- **Jobs reported:** 27
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*