# PPP loan: MERCHANT ONE, INC.
> **$1.13M** approved 04/15/2020 · Paid in Full · Loan `8396397106`
## Borrower
- **Name:** MERCHANT ONE, INC.
- **Address:** 524 Arthur Godfrey Rd., Suite 300, Miami Beach, FL, 33140
- **NAICS:** 522320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $851K
- **Rent:** $227K
- **Utilities:** $57K
- **Jobs reported:** 118
## Lender
- **Originating:** OptimumBank
- **Servicing:** OptimumBank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*