# PPP loan: ISLAND HOTEL PROPERTIES, INC.
> **$232K** approved 04/07/2020 · Paid in Full · Loan `7512957003`
## Borrower
- **Name:** ISLAND HOTEL PROPERTIES, INC.
- **Address:** 512 Truman Avenue, KEY WEST, FL, 33040-3141
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $41K
- **Utilities:** $5K
- **Jobs reported:** 33
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*