# PPP loan: 56TH STREET HOTEL LLC
> **$2.16M** approved 05/01/2020 · Paid in Full · Loan `4212847707`
## Borrower
- **Name:** 56TH STREET HOTEL LLC
- **Address:** 18 WEST 56TH STREET, NEW YORK, NY, 10019
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.16M
- **Initial approval:** $2.16M
- **Forgiven:** $1.62M (75%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Jobs reported:** 211
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*