# PPP loan: ELDERHOSTEL INC.
> **$4.89M** approved 03/16/2021 · Paid in Full · Loan `2939548600`
## Borrower
- **Name:** ELDERHOSTEL INC.
- **Address:** 11 Avenue de Lafayette, Boston, MA, 02111-1883
- **NAICS:** 611699
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.89M
- **Initial approval:** $4.89M
- **Forgiven:** $4.98M (102%)
- **Forgiveness date:** 03/09/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $4.89M
- **Utilities:** $1
- **Jobs reported:** 170
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*