# PPP loan: MONROE HOTEL INC
> **$331K** approved 02/08/2021 · Paid in Full · Loan `5193598404`
## Borrower
- **Name:** MONROE HOTEL INC
- **Address:** 400 E Jefferson St, Butler, PA, 16001-4725
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $334K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** NexTier Bank, National Association
- **Servicing:** NexTier Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*