# PPP loan: MOTEL HOTEL ASSOCIATES INC
> **$922K** approved 02/24/2021 · Paid in Full · Loan `3862518510`
## Borrower
- **Name:** MOTEL HOTEL ASSOCIATES INC
- **Address:** 7 Kenosia Ave Ste 2A, Danbury, CT, 06810-7396
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $922K
- **Initial approval:** $922K
- **Forgiven:** $933K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $922K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Old Dominion National Bank
- **Servicing:** Old Dominion National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*