# PPP loan: WELLS AVENUE HOTEL DEVELOPMENT VENTURE, L.P.
> **$420K** approved 04/28/2020 · Paid in Full · Loan `6419117206`
## Borrower
- **Name:** WELLS AVENUE HOTEL DEVELOPMENT VENTURE, L.P.
- **Address:** 711 El Camino Real, Palo Alto, CA, 94301
- **NAICS:** 721110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 33
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*