# PPP loan: LCP WATERSIDE HOTEL JV, LLC
> **$1.13M** approved 04/07/2020 · Paid in Full · Loan `6879887008`
## Borrower
- **Name:** LCP WATERSIDE HOTEL JV, LLC
- **Address:** 235 E Main Street, NORFOLK, VA, 23510-1668
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $688K
- **Mortgage interest:** $153K
- **Utilities:** $120K
- **Health care:** $172K
- **Jobs reported:** 148
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*