PPP Loan information for Pala group inc

$5,774,400

Pala group inc was initially approved for PPP Loan of amount $7,268,100, the current approved amount is $5,774,400. The loan was approved on 04/05/2020 by The Gulf Coast Bank reported 351 jobs and $5,774,400 was used to fund payroll.

Pala group inc is Existing or more than 2 years old

PPP Loan Search / LA / BATON ROUGE / Pala group inc

PALA GROUP INC

Date Approved

04/05/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

PALA GROUP INC

Borrower Address

16347 OLD HAMMOND HWY

Borrower City

BATON ROUGE

Borrower State

LA

Borrower Zip

70816-1730

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7268100.00

Current Approval Amount

5774400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28002

Servicing Lender Name

Gulf Coast Bank

Servicing Lender Address

221 S State St

Servicing Lender City

ABBEVILLE

Servicing Lender State

LA

Servicing Lender Zip

70510-5917

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BATON ROUGE

Project County Name

EAST BATON ROUGE

Project State

LA

Project Zip

70816-1730

CD

LA-06

Jobs Reported

351

NAICS Code

541613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5774400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

28002

Originating Lender

Gulf Coast Bank

Originating Lender City

ABBEVILLE

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5840845.15

Forgiveness Date

06/11/2021

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