7450 OCEAN TERRACE LLC (FL) - 2020 PPP Loan Borrower Profile (# 5503687004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 7450 OCEAN TERRACE 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

5503687004

SBA Office Code

0455

Processing Method

PPP

Curent Loan Amount

$158,740

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$160,888.43

Date Loan was Forgiven

Aug 30, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

39,685

Payroll Proced

119,055

Lender

City National Bank of Florida

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

721110

Borrower Location

MIAMI, FL

Project Location

MIAMI, FL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.