PPP Loan information for Watercrest acquisition i llc

$1,308,124

Watercrest acquisition i llc was initially approved for PPP Loan of amount $1,308,124, the current approved amount is $1,308,124. The loan was approved on 04/28/2020 by The OptimumBank reported 177 jobs and $1,308,124 was used to fund payroll.

Watercrest acquisition i llc is Existing or more than 2 years old

PPP Loan Search / FL / North Miami Beach / Watercrest acquisition i llc

WATERCREST ACQUISITION I LLC

Date Approved

04/28/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

WATERCREST ACQUISITION I LLC

Borrower Address

16650 W Dixie Hwy

Borrower City

North Miami Beach

Borrower State

FL

Borrower Zip

33160

Loan Status Date

05/31/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1308123.57

Current Approval Amount

1308123.57

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203277

Servicing Lender Name

OptimumBank

Servicing Lender Address

2929 E Commercial Blvd, Ste 101

Servicing Lender City

FORT LAUDERDALE

Servicing Lender State

FL

Servicing Lender Zip

33308-4041

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

North Miami Beach

Project County Name

MIAMI-DADE

Project State

FL

Project Zip

33160-0001

CD

FL-24

Jobs Reported

177

NAICS Code

623110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

52324.57

Payroll Proceed

994174.00

Mortgage Interest Proceed

261625.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

203277

Originating Lender

OptimumBank

Originating Lender City

FORT LAUDERDALE

Originating Lender State

FL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1325238.19

Forgiveness Date

08/13/2021

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