# PPP loan: LOBRO ASSOCIATES, LP DBA DOUBLETREET HOTEL
> **$2.74M** approved 04/27/2020 · Exemption 4 · Loan `4777827208`
## Borrower
- **Name:** LOBRO ASSOCIATES, LP DBA DOUBLETREET HOTEL
- **Address:** 615 Chestnut Street 120, Philadelphia, PA, 19106
- **NAICS:** 721110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.74M
- **Initial approval:** $2.74M
- **Forgiven:** $1.87M (68%)
- **Forgiveness date:** 03/14/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.74M
- **Jobs reported:** 223
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*