# PPP loan: SMITHVILLE HOSPITALITY INC
> **$760K** approved 01/26/2021 · Paid in Full · Loan `6082908305`
## Borrower
- **Name:** SMITHVILLE HOSPITALITY INC
- **Address:** 1 N New York Rd, Galloway, NJ, 08205-3040
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $760K
- **Initial approval:** $760K
- **Forgiven:** $766K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $760K
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** Parke Bank
- **Servicing:** Parke Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*