# PPP loan: THE WAVES OCEANFRONT MOTEL LLC
> **$350K** approved 02/12/2021 · Paid in Full · Loan `7471838404`
## Borrower
- **Name:** THE WAVES OCEANFRONT MOTEL LLC
- **Address:** 188 W 2nd Ave, Cannon Beach, OR, 97110-2005
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $350K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*