# PPP loan: MARMARA HOSPITALITY INC.
> **$1.53M** approved 03/09/2021 · Exemption 4 · Loan `8125318501`
## Borrower
- **Name:** MARMARA HOSPITALITY INC.
- **Address:** 301 E 94th St, New York, NY, 10128-4718
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.38M (90%)
- **Forgiveness date:** 05/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.53M
- **Utilities:** $1
- **Jobs reported:** 88
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*