# PPP loan: 1409 HOTEL LLC
> **$163K** approved 04/28/2020 · Paid in Full · Loan `7150767203`
## Borrower
- **Name:** 1409 HOTEL LLC
- **Address:** 1409 Lincoln Road, MIAMI BEACH, FL, 33139
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Utilities:** $41K
- **Jobs reported:** 25
## 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*