# PPP loan: RAFFAELLO HOTEL INVESTMENTS, LLC
> **$866K** approved 04/11/2020 · Exemption 4 · Loan `3091637102`
## Borrower
- **Name:** RAFFAELLO HOTEL INVESTMENTS, LLC
- **Address:** 201 E Delaware Place, Chicago, IL, 60611-1713
- **NAICS:** 722511
- **Business type:** Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $866K
- **Initial approval:** $866K
- **Forgiven:** $854K (99%)
- **Forgiveness date:** 08/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $408K
- **Mortgage interest:** $217K
- **Health care:** $242K
- **Jobs reported:** 35
## 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*