# PPP loan: VMSB LLC
> **$1.14M** approved 04/15/2020 · Paid in Full · Loan `9627767102`
## Borrower
- **Name:** VMSB LLC
- **Address:** 1116 OCEAN DR, MIAMI BEACH, FL, 33139-4609
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.05M (93%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $852K
- **Mortgage interest:** $227K
- **Utilities:** $57K
- **Jobs reported:** 111
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*