# PPP loan: SARASOTA MODERN HOTEL LLC
> **$525K** approved 04/29/2020 · Paid in Full · Loan `2041097310`
## Borrower
- **Name:** SARASOTA MODERN HOTEL LLC
- **Address:** 1290 BLVD OF THE ARTS, SARASOTA, FL, 34236-2900
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $412K (78%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Jobs reported:** 8
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*