# PPP loan: TERRACE BAY HOTEL, LLC
> **$293K** approved 01/19/2021 · Paid in Full · Loan `1598138308`
## Borrower
- **Name:** TERRACE BAY HOTEL, LLC
- **Address:** 7146 P Rd, Gladstone, MI, 49837-2525
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 07/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $293K
- **Jobs reported:** 72
## Lender
- **Originating:** Embers CU
- **Servicing:** Embers CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*