# PPP loan: SIMV HOTEL 1, LLC
> **$697K** approved 04/14/2020 · Paid in Full · Loan `6131327102`
## Borrower
- **Name:** SIMV HOTEL 1, LLC
- **Address:** 7001 Shrimp Road, KEY WEST, FL, 33040-6053
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $707K (102%)
- **Forgiveness date:** 10/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $697K
- **Jobs reported:** 82
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*