BEASLEY MEZZANINE HOLDINGS LLC
PPP Loan approved Feb 25, 2021 through Synovus Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $10,000,000.00 | 100.0% |
About This Loan
BEASLEY MEZZANINE HOLDINGS LLC received a PPP loan of $10,000,000 approved on Feb 25, 2021. The loan was originated by Synovus Bank.
BEASLEY MEZZANINE HOLDINGS LLC is a limited liability company(llc) located in NAPLES, Florida. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Radio and Television Broadcasting industry (NAICS 515112), part of the Information sector of the economy. The applicant reported 500 jobs as retained through this loan.
The SBA forgave $10,069,315.07 of this loan — 100.7% of the total approved amount, with forgiveness recorded on Nov 10, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $10,000,000 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Florida, visit the Florida page. To compare this loan with others in the same industry, see the Radio and Television Broadcasting industry page.