# PPP loan: CAVALIER INN, INC.
> **$639K** approved 04/30/2020 · Paid in Full · Loan `7259727304`
## Borrower
- **Name:** CAVALIER INN, INC.
- **Address:** 250 SAN SIMEON AVE 4C, SAN SIMEON, CA, 93452
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $639K
- **Initial approval:** $639K
- **Forgiven:** $645K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $639K
- **Jobs reported:** 80
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*