# PPP loan: PARK SOUTH HOTEL LLC
> **$1.29M** approved 03/25/2021 · Exemption 4 · Loan `8910948606`
## Borrower
- **Name:** PARK SOUTH HOTEL LLC
- **Address:** Christies Landing, Newport, RI, 02840
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $524K (41%)
- **Forgiveness date:** 07/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.29M
- **Utilities:** $1
- **Jobs reported:** 124
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*