# PPP loan: SOUTH PERKASIE HOTEL INC
> **$429K** approved 04/04/2021 · Paid in Full · Loan `6723928704`
## Borrower
- **Name:** SOUTH PERKASIE HOTEL INC
- **Address:** 501 E Walnut St, Perkasie, PA, 18944-1914
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $432K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $429K
- **Utilities:** $1
- **Jobs reported:** 99
## Lender
- **Originating:** Penn Community Bank
- **Servicing:** Penn Community Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*