# PPP loan: COLLEGIATE HOSPITALITY CAPITAL LLC
> **$240K** approved 04/11/2020 · Exemption 4 · Loan `3284607100`
## Borrower
- **Name:** COLLEGIATE HOSPITALITY CAPITAL LLC
- **Address:** 174 NEWBURYPORT TPKE Suite 195, ROWLEY, MA, 01969-2000
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $33K (14%)
- **Forgiveness date:** 05/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $60K
- **Jobs reported:** 23
## Lender
- **Originating:** Cambridge Savings Bank
- **Servicing:** Cambridge Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*