# PPP loan: ALBEMARLE HOSPITALITY INC
> **$209K** approved 04/04/2020 · Paid in Full · Loan `4627957010`
## Borrower
- **Name:** ALBEMARLE HOSPITALITY INC
- **Address:** 2815 N Augusta St STE B, STAUNTON, VA, 24401-2532
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Jobs reported:** 45
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*