BLUE OCTOPUS HOLDINGS, LLC (VI) - 2020 PPP Loan Borrower Profile (# 4941157102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BLUE OCTOPUS HOLDINGS, 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 US Virgin Islands.

Loan Detail

Loan Number

4941157102

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$44,647

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$45,069.91

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,403

Payroll Proced

23,095

Mortgage Interest Proceed

16,132

Health Care Proceed

1,017

Lender

Merchants Commercial Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531110

Borrower Location

ST THOMAS, VI

Project Location

ST THOMAS, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.