# PPP loan: TROY HOTELS INC
> **$304K** approved 03/12/2021 · Paid in Full · Loan `1114468601`
## Borrower
- **Name:** TROY HOTELS INC
- **Address:** 325 Stephenson Hwy, Troy, MI, 48083-1107
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $304K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** First National Bank of Michigan
- **Servicing:** First National Bank of Michigan (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*