# PPP loan: THE LAKE MERRITT HOTEL PARTNERSHIP
> **$350K** approved 04/15/2020 · Paid in Full · Loan `1061767204`
## Borrower
- **Name:** THE LAKE MERRITT HOTEL PARTNERSHIP
- **Address:** 1800 Madison Street, Oakland, CA, 94612
- **NAICS:** 813990
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 47
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*