# PPP loan: THE FOUNTAINS OF HOPE LLC
> **$531K** approved 01/29/2021 · Charged Off · Loan `8404788309`
## Borrower
- **Name:** THE FOUNTAINS OF HOPE LLC
- **Address:** 2250 Jesus Way, Sarasota, FL, 34240-9405
- **NAICS:** 623312
- **Business type:** Joint Venture
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $505K (95%)
- **Forgiveness date:** 05/08/2023
- **Status:** Charged Off
- **Term:** 21 months
## Use of funds
- **Payroll:** $531K
- **Utilities:** $1
- **Jobs reported:** 174
## Lender
- **Originating:** SouthState Bank, National Association
- **Servicing:** SouthState Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*