# PPP loan: NARA HOSPITALITY LLC
> **$231K** approved 02/09/2021 · Paid in Full · Loan `5853998402`
## Borrower
- **Name:** NARA HOSPITALITY LLC
- **Address:** 7499 Middlebelt Rd, West Bloomfield, MI, 48322-4136
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $231K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*