# PPP loan: STONEY CREEK HOSPITALITY CORP
> **$2.38M** approved 04/06/2020 · Paid in Full · Loan `5631157003`
## Borrower
- **Name:** STONEY CREEK HOSPITALITY CORP
- **Address:** 10 N WASHINGTON AVE, Ste 301, MASON CITY, IA, 50401-0002
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Mortgage interest:** $197K
- **Utilities:** $275K
- **Jobs reported:** 500
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*