# PPP loan: IUP HOTEL PARTNERS LP
> **$386K** approved 01/21/2021 · Paid in Full · Loan `3197058306`
## Borrower
- **Name:** IUP HOTEL PARTNERS LP
- **Address:** 240 S Pugh St, State College, PA, 16801-4935
- **NAICS:** 721110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $386K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** AmeriServ Financial Bank
- **Servicing:** AmeriServ Financial Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*