# PPP loan: LCP ANDOVER HOSPITALITY LLC
> **$1.02M** approved 01/30/2021 · Exemption 4 · Loan `9523758308`
## Borrower
- **Name:** LCP ANDOVER HOSPITALITY LLC
- **Address:** 123 River Rd, Andover, MA, 01810-1029
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $945K (93%)
- **Forgiveness date:** 08/24/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** Rockland Trust Company
- **Servicing:** Rockland Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*