# PPP loan: NEW CASTLE HOTELS MANAGEMENT LLC
> **$828K** approved 01/29/2021 · Exemption 4 · Loan `8075748306`
## Borrower
- **Name:** NEW CASTLE HOTELS MANAGEMENT LLC
- **Address:** 641 Danbury Rd, Ridgefield, CT, 06877-2738
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $828K
- **Initial approval:** $828K
- **Forgiven:** $640K (77%)
- **Forgiveness date:** 02/02/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $828K
- **Utilities:** $1
- **Jobs reported:** 76
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*