# PPP loan: HERNDON HOTEL CORPORATION
> **$210K** approved 03/23/2021 · Exemption 4 · Loan `7028698601`
## Borrower
- **Name:** HERNDON HOTEL CORPORATION
- **Address:** 485 Elden St, Herndon, VA, 20170-4500
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $110K (53%)
- **Forgiveness date:** 05/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Old Dominion National Bank
- **Servicing:** Old Dominion National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*