# PPP loan: ROOM MATE HOTEL NY INC
> **$742K** approved 05/01/2020 · Charged Off · Loan `5605607700`
## Borrower
- **Name:** ROOM MATE HOTEL NY INC
- **Address:** 125 W 45th St, New York, NY, 10036
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $742K
- **Initial approval:** $742K
- **Forgiven:** $669K (90%)
- **Forgiveness date:** 10/14/2022
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $742K
- **Jobs reported:** 55
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*