# PPP loan: FORTUNA HOTEL CHELSEA
> **$306K** approved 01/28/2021 · Charged Off · Loan `7520808305`
## Borrower
- **Name:** FORTUNA HOTEL CHELSEA
- **Address:** 127 W 28th St, New York, NY, 10001-6102
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $177K (58%)
- **Forgiveness date:** 02/16/2022
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $306K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*