# PPP loan: NEWSTREAM HOTEL PARTNERS - IAH LLC
> **$180K** approved 04/15/2020 · Charged Off · Loan `1994157200`
## Borrower
- **Name:** NEWSTREAM HOTEL PARTNERS - IAH LLC
- **Address:** 500 N. Sam Houston Pkwy E, Houston, TX, 77060-4002
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $48K (27%)
- **Forgiveness date:** 04/08/2021
- **Status:** Charged Off
- **Term:** 9 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $40K
- **Utilities:** $5K
- **Jobs reported:** 28
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*