# PPP loan: HANGOUT HOSPITALITY GROUP LLC
> **$264K** approved 04/05/2020 · Paid in Full · Loan `5492057007`
## Borrower
- **Name:** HANGOUT HOSPITALITY GROUP LLC
- **Address:** 200 East Beach Blvd  4th floor, GULF SHORES, AL, 36542
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $66K
- **Jobs reported:** 15
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*