# PPP loan: MARCUS HOTELS, INC.
> **$896K** approved 04/10/2020 · Exemption 4 · Loan `1175017102`
## Borrower
- **Name:** MARCUS HOTELS, INC.
- **Address:** 9 E. Wilson Street, MADISON, WI, 53703-3421
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $896K
- **Initial approval:** $896K
- **Forgiven:** $624K (70%)
- **Forgiveness date:** 08/19/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $896K
- **Jobs reported:** 110
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*