# PPP loan: SOUTH LYON HOTEL INC
> **$160K** approved 04/08/2020 · Paid in Full · Loan `8427747010`
## Borrower
- **Name:** SOUTH LYON HOTEL INC
- **Address:** 201 N LAFAYETTE ST, SOUTH LYON, MI, 48178-1212
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Health care:** $4K
- **Jobs reported:** 39
## Lender
- **Originating:** Huron Valley State Bank
- **Servicing:** Huron Valley State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*