# PPP loan: LAKE SHORE HOSPITALITY INC.
> **$647K** approved 01/28/2021 · Paid in Full · Loan `7251028308`
## Borrower
- **Name:** LAKE SHORE HOSPITALITY INC.
- **Address:** 4900 S Lake Shore Dr, Chicago, IL, 60615-3277
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $647K
- **Initial approval:** $647K
- **Forgiven:** $656K (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $647K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** State Bank of Texas
- **Servicing:** State Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*