# PPP loan: PONTCHARTRAIN DETROIT HOTEL LLC
> **$1.45M** approved 02/24/2021 · Paid in Full · Loan `3529028501`
## Borrower
- **Name:** PONTCHARTRAIN DETROIT HOTEL LLC
- **Address:** 2 Washington Blvd, Detroit, MI, 48226-4421
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.37M (94%)
- **Forgiveness date:** 10/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.45M
- **Utilities:** $1
- **Jobs reported:** 132
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*