# PPP loan: LORETTO HOTEL INVESTMENT, LLC
> **$1.02M** approved 04/10/2020 · Paid in Full · Loan `2556017100`
## Borrower
- **Name:** LORETTO HOTEL INVESTMENT, LLC
- **Address:** 211 Old Santa Fe Trail, SANTA FE, NM, 87501
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $764K
- **Utilities:** $255K
- **Jobs reported:** 131
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*