# PPP loan: LPB-OC HOTEL LIMITED PARTNERSHIP
> **$1.78M** approved 01/23/2021 · Paid in Full · Loan `4811768302`
## Borrower
- **Name:** LPB-OC HOTEL LIMITED PARTNERSHIP
- **Address:** 10100 Coastal Hwy, Ocean City, MD, 21842-2619
- **NAICS:** 721110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.83M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.78M
- **Utilities:** $1
- **Jobs reported:** 165
## Lender
- **Originating:** Calvin B. Taylor Banking Company
- **Servicing:** Calvin B. Taylor Banking Company (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*