# PPP loan: CAVALIER INN INC.
> **$1.03M** approved 03/16/2021 · Paid in Full · Loan `3248958600`
## Borrower
- **Name:** CAVALIER INN INC.
- **Address:** 250 San Simeon Ave Ste 4C, San Simeon, CA, 93452-9715
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.03M
- **Utilities:** $1
- **Jobs reported:** 72
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*