# PPP loan: CAMBRIDGE HOSPITALITY
> **$244K** approved 04/09/2020 · Paid in Full · Loan `9158777003`
## Borrower
- **Name:** CAMBRIDGE HOSPITALITY
- **Address:** 1300 CINEMA WAY, BENTON HARBOR, MI, 49022-2319
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Mortgage interest:** $51K
- **Utilities:** $10K
- **Jobs reported:** 177
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*