# PPP loan: BOUTIQUE HOTELS LLC
> **$426K** approved 02/24/2021 · Charged Off · Loan `3690868502`
## Borrower
- **Name:** BOUTIQUE HOTELS LLC
- **Address:** 3407 Algonquin Rd, Rolling Meadows, IL, 60008
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $124K (29%)
- **Forgiveness date:** 10/25/2022
- **Status:** Charged Off
- **Term:** 28 months
## Use of funds
- **Payroll:** $426K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** International Bank of Chicago
- **Servicing:** International Bank of Chicago (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*