# PPP loan: LR MDR HOTEL LLC
> **$1.10M** approved 03/01/2021 · Exemption 4 · Loan `5769828503`
## Borrower
- **Name:** LR MDR HOTEL LLC
- **Address:** 13480 Maxella Ave, Marina del Rey, CA, 90292-5620
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $998K (91%)
- **Forgiveness date:** 05/19/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.10M
- **Utilities:** $1
- **Jobs reported:** 89
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*