# PPP loan: MADISON HOTEL PROPERTY INVESTMENT , LLC
> **$506K** approved 04/15/2020 · Paid in Full · Loan `1363497201`
## Borrower
- **Name:** MADISON HOTEL PROPERTY INVESTMENT , LLC
- **Address:** 801 BROAD ST, STE 200, CHATTANOOGA, TN, 37402-2631
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Utilities:** $25K
- **Debt interest:** $101K
- **Jobs reported:** 50
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*