# PPP loan: HOTEL AT 45 LLC
> **$218K** approved 04/15/2020 · Paid in Full · Loan `8258467105`
## Borrower
- **Name:** HOTEL AT 45 LLC
- **Address:** 9919 Stephen Decatur Hwy, Ocean City, MD, 21842
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Mortgage interest:** $35K
- **Utilities:** $15K
- **Health care:** $14K
- **Debt interest:** $4K
- **Jobs reported:** 32
## 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*