# PPP loan: MOTEL HOTEL ASSOCIATES, INC
> **$712K** approved 04/15/2020 · Paid in Full · Loan `1517437209`
## Borrower
- **Name:** MOTEL HOTEL ASSOCIATES, INC
- **Address:** 7 KENOSIA AVE SUITE 2A, DANBURY, CT, 06810-7305
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $712K
- **Initial approval:** $712K
- **Forgiven:** $727K (102%)
- **Forgiveness date:** 05/20/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $712K
- **Jobs reported:** 40
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*