SEAFIX INCORPORATED
PPP Loan approved Apr 30, 2020 through First Hawaiian Bank
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $461,182.00 | 100.0% |
About This Loan
SEAFIX INCORPORATED received a PPP loan of $461,182 approved on Apr 30, 2020. The loan was originated by First Hawaiian Bank.
SEAFIX INCORPORATED is a corporation 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 Personal and Household Goods Repair and Maintenance industry (NAICS 811412), part of the Other Services (except Public Administration) sector of the economy. The applicant reported 49 jobs as retained through this loan.
The SBA forgave $463,885.04 of this loan — 100.6% of the total approved amount, with forgiveness recorded on Dec 9, 2020. 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: $461,182 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 Northern Mariana Islands, visit the Northern Mariana Islands page. To compare this loan with others in the same industry, see the Personal and Household Goods Repair and Maintenance industry page.