# PPP loan: INDY HOTELS LLC
> **$228K** approved 04/15/2020 · Paid in Full · Loan `1159617203`
## Borrower
- **Name:** INDY HOTELS LLC
- **Address:** 2525 CO RD 208, SAINT AUGUSTINE, FL, 32092
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Mortgage interest:** $28K
- **Utilities:** $29K
- **Jobs reported:** 53
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*