# PPP loan: AMERICAN YOUTH HOSTELS, INC.
> **$5.11M** approved 04/09/2020 · Paid in Full · Loan `1135957108`
## Borrower
- **Name:** AMERICAN YOUTH HOSTELS, INC.
- **Address:** 8401 COLESVILLE RD, SUITE 600, SILVER SPRING, MD, 20910-2841
- **NAICS:** 721199
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.11M
- **Initial approval:** $5.11M
- **Forgiven:** $5.18M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.11M
- **Jobs reported:** 497
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Peapack-Gladstone Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*