# PPP loan: CHERRY LAKE II, INC.
> **$519K** approved 04/15/2020 · Paid in Full · Loan `8864567100`
## Borrower
- **Name:** CHERRY LAKE II, INC.
- **Address:** 1421 DIVIDEND LOOP, MYRTLE BEACH, SC, 29577-1870
- **NAICS:** 448150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Jobs reported:** 34
## Lender
- **Originating:** South Atlantic Bank
- **Servicing:** South Atlantic Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*