# PPP loan: LAKE PLACID VACATION CORPORATION
> **$1.01M** approved 04/28/2020 · Paid in Full · Loan `7988757204`
## Borrower
- **Name:** LAKE PLACID VACATION CORPORATION
- **Address:** 101 OLYMPIC DR, LAKE PLACID, NY, 12946-1407
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.01M (100%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $866K
- **Utilities:** $143K
- **Jobs reported:** 90
## Lender
- **Originating:** Adirondack Regional FCU
- **Servicing:** Adirondack Regional FCU (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*