# PPP loan: COMMONWEALTH HOSPITALITY CORP.
> **$275K** approved 04/08/2020 · Paid in Full · Loan `8581717010`
## Borrower
- **Name:** COMMONWEALTH HOSPITALITY CORP.
- **Address:** 263 FAIRWAY DR, HARRISONBURG, VA, 22802-8773
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Mortgage interest:** $7K
- **Utilities:** $25K
- **Health care:** $23K
- **Jobs reported:** 105
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*