# PPP loan: HERALD HOTEL ASSOCIATES, L.P.
> **$3.87M** approved 04/10/2020 · Paid in Full · Loan `1906267101`
## Borrower
- **Name:** HERALD HOTEL ASSOCIATES, L.P.
- **Address:** 49 West 32nd Street 0.0, New York, NY, 10001-3811
- **NAICS:** 721110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.87M
- **Initial approval:** $3.87M
- **Forgiven:** $2.60M (67%)
- **Forgiveness date:** 06/30/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.10M
- **Rent:** $460K
- **Mortgage interest:** $124K
- **Utilities:** $190K
- **Jobs reported:** 243
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*