PPP Loan information for Palace food service, inc.

$24,623

Palace food service, inc. was initially approved for PPP Loan of amount $24,623, the current approved amount is $24,623. The loan was approved on 05/05/2020 by The Sandy Spring Bank reported 5 jobs and $24,623 was used to fund payroll.

Palace food service, inc. is Existing or more than 2 years old

PPP Loan Search / MD / HYATTSVILLE / Palace food service, inc.

PALACE FOOD SERVICE, INC.

Date Approved

05/05/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

PALACE FOOD SERVICE, INC.

Borrower Address

4300 GARDEN CITY DR

Borrower City

HYATTSVILLE

Borrower State

MD

Borrower Zip

20785-2214

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

24623.00

Current Approval Amount

24623.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HYATTSVILLE

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20785-2214

CD

MD-04

Jobs Reported

5

NAICS Code

722513

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

24623.00

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

Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24975.82

Forgiveness Date

11/02/2021

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