# PPP loan: RONIT HOSPIALITY II LLC
> **$426K** approved 04/05/2020 · Paid in Full · Loan `5073577005`
## Borrower
- **Name:** RONIT HOSPIALITY II LLC
- **Address:** 10 INDEPENDENCE DR, CHELMSFORD, MA, 01824-2730
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $107K
- **Jobs reported:** 74
## Lender
- **Originating:** Leader Bank, National Association
- **Servicing:** Leader Bank, National Association (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*