# PPP loan: REGAL HOSPITALITY SOLUTIONS LLC
> **$613K** approved 04/12/2020 · Exemption 4 · Loan `3972377107`
## Borrower
- **Name:** REGAL HOSPITALITY SOLUTIONS LLC
- **Address:** 736 W. Napoleon Ave Suite 201, METAIRIE, LA, 70001
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $613K
- **Initial approval:** $613K
- **Forgiven:** $325K (53%)
- **Forgiveness date:** 07/14/2023
- **Status:** Exemption 4
- **Term:** 18 months
## Use of funds
- **Payroll:** $460K
- **Utilities:** $153K
- **Jobs reported:** 141
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*