# PPP loan: RALEIGH MANCHESTER HOTEL LTD
> **$673K** approved 04/14/2020 · Paid in Full · Loan `6524457107`
## Borrower
- **Name:** RALEIGH MANCHESTER HOTEL LTD
- **Address:** 515 FELLOWSHIP RD, MOUNT LAUREL, NJ, 08054-3404
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $316K (47%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $673K
- **Jobs reported:** 101
## 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*