# PPP loan: SECAUCUS HOTEL PROPERTY LLC
> **$591K** approved 03/18/2021 · Exemption 4 · Loan `4122968602`
## Borrower
- **Name:** SECAUCUS HOTEL PROPERTY LLC
- **Address:** 40 W 57th St Fl 29, New York, NY, 10019-4001
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $475K (80%)
- **Forgiveness date:** 04/26/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $591K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*