# PPP loan: CROSSGATE HOTEL PARTNERS, LLC
> **$405K** approved 04/06/2020 · Paid in Full · Loan `5604957001`
## Borrower
- **Name:** CROSSGATE HOTEL PARTNERS, LLC
- **Address:** 5000 Meridian Blvd. Suite 750, FRANKLIN, TN, 37067-6664
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $304K
- **Mortgage interest:** $71K
- **Utilities:** $30K
- **Jobs reported:** 62
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*