# PPP loan: ISLAND HOTEL PROPERTIES INC.
> **$324K** approved 02/23/2021 · Paid in Full · Loan `3411248502`
## Borrower
- **Name:** ISLAND HOTEL PROPERTIES INC.
- **Address:** 512 Truman Ave, Key West, FL, 33040-3141
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*