# PPP loan: SMITHVILLE HOSPITALITY, INC.
> **$500K** approved 04/03/2020 · Paid in Full · Loan `4505177003`
## Borrower
- **Name:** SMITHVILLE HOSPITALITY, INC.
- **Address:** 1 NORTH NEW YORK RD, GALLOWAY, NJ, 08205-3027
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 120
## Lender
- **Originating:** Parke Bank
- **Servicing:** Parke Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*