347 SOMI, LLC (FL) - 2020 PPP Loan Borrower Profile (# 7408757002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 347 SOMI, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Florida.

Loan Detail

Loan Number

7408757002

SBA Office Code

0455

Processing Method

PPP

Curent Loan Amount

$261,549.55

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$263,627.42

Date Loan was Forgiven

Jan 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

13,077.5

Payroll Proced

196,162.05

Rent Proceed

39,232.5

Health Care Proceed

6,538.75

Debt Interest Proceed

6,538.75

Lender

FirstBank Puerto Rico

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722110

Borrower Location

Coral Gables, FL

Project Location

Coral Gables, FL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.