# PPP loan: COTTONWOOD INN INC.
> **$386K** approved 04/05/2020 · Paid in Full · Loan `5305907008`
## Borrower
- **Name:** COTTONWOOD INN INC.
- **Address:** 450 Prospector Ave, DURANGO, CO, 81301-7940
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Mortgage interest:** $22K
- **Utilities:** $20K
- **Jobs reported:** 54
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*