# PPP loan: BEST BAY APARTMENTS INC.
> **$1.04M** approved 04/08/2020 · Paid in Full · Loan `8706727007`
## Borrower
- **Name:** BEST BAY APARTMENTS INC.
- **Address:** 2744 11TH ST, OAKLAND, CA, 94601-1429
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $919K
- **Rent:** $100K
- **Utilities:** $6K
- **Debt interest:** $14K
- **Jobs reported:** 66
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*