# PPP loan: THE HOTEL OF COLLINS AVENUE
> **$426K** approved 03/23/2021 · Exemption 4 · Loan `6593958605`
## Borrower
- **Name:** THE HOTEL OF COLLINS AVENUE
- **Address:** 2214 NW 1st Pl, Miami, FL, 33127-4823
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $45K (10%)
- **Forgiveness date:** 08/16/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $426K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*