# PPP loan: KBS HOTEL GROUP, LLC
> **$188K** approved 04/06/2020 · Paid in Full · Loan `6000527005`
## Borrower
- **Name:** KBS HOTEL GROUP, LLC
- **Address:** 2232 CENTER ST, CHATTANOOGA, TN, 37421-2501
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Jobs reported:** 40
## Lender
- **Originating:** Southern States Bank
- **Servicing:** Southern States Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*