# PPP loan: ISLAND HOTEL PROPERTIES, INC.
> **$200K** approved 04/28/2020 · Paid in Full · Loan `8282597207`
## Borrower
- **Name:** ISLAND HOTEL PROPERTIES, INC.
- **Address:** 8657 Saddle Creek Drive, Berlin, MD, 21811
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 47
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*