# PPP loan: FALCON HOTEL CORP
> **$1.44M** approved 04/07/2020 · Paid in Full · Loan `6979797002`
## Borrower
- **Name:** FALCON HOTEL CORP
- **Address:** 1 MONARCH PL, SPRINGFIELD, MA, 01144-0100
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Jobs reported:** 173
## Lender
- **Originating:** New Valley Bank & Trust
- **Servicing:** New Valley Bank & Trust (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*