SKYDIVE SAIPAN LLC
PPP Loan approved Apr 10, 2020 through Bank of Guam
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $519,384.00 | 90.0% |
| Utilities | $28,854.00 | 5.0% |
| Rent / Lease | $28,854.00 | 5.0% |
About This Loan
SKYDIVE SAIPAN LLC received a PPP loan of $577,092 approved on Apr 10, 2020. The loan was originated by Bank of Guam.
SKYDIVE SAIPAN LLC is a limited liability company(llc) located in SAIPAN, Northern Mariana Islands. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Other Amusement and Recreation Industries industry (NAICS 713990), part of the Arts, Entertainment, and Recreation sector of the economy. The applicant reported 38 jobs as retained through this loan.
The SBA forgave $583,938.05 of this loan — 101.2% of the total approved amount, with forgiveness recorded on Jun 30, 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: $519,384 to payroll, $28,854 to utilities, $28,854 to rent or lease obligations. The payroll component represents 90.0% 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 Northern Mariana Islands, visit the Northern Mariana Islands page. To compare this loan with others in the same industry, see the Other Amusement and Recreation Industries industry page.