# PPP loan: SIMV HOTEL 1 LLC
> **$530K** approved 03/31/2021 · Paid in Full · Loan `3366848701`
## Borrower
- **Name:** SIMV HOTEL 1 LLC
- **Address:** 7001 Shrimp Rd, Key West, FL, 33040-6053
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $543K
- **Forgiven:** $537K (101%)
- **Forgiveness date:** 07/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $530K
- **Jobs reported:** 51
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*