# PPP loan: IMPERIAL HOTEL PROPERTIES LLC
> **$1.61M** approved 03/01/2021 · Paid in Full · Loan `5531348501`
## Borrower
- **Name:** IMPERIAL HOTEL PROPERTIES LLC
- **Address:** 4700 Emperor Blvd, Durham, NC, 27703-8424
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*