# PPP loan: ALI BABA HOTEL CORP
> **$358K** approved 04/28/2020 · Exemption 4 · Loan `9429297200`
## Borrower
- **Name:** ALI BABA HOTEL CORP
- **Address:** 888 SEVENTH AVE, NEW YORK, NY, 10019
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $314K (87%)
- **Forgiveness date:** 12/07/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $358K
- **Jobs reported:** 40
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*