# PPP loan: URBAN MAGAZINE STREET HOTEL LLC
> **$709K** approved 04/09/2020 · Exemption 4 · Loan `1095117108`
## Borrower
- **Name:** URBAN MAGAZINE STREET HOTEL LLC
- **Address:** 315 Magazine Street, NEW ORLEANS, LA, 70130-2424
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $709K
- **Initial approval:** $793K
- **Forgiven:** $375K (53%)
- **Forgiveness date:** 08/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $709K
- **Jobs reported:** 104
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*