PPP Loan information for Palace foods inc

$157,300

Palace foods inc was initially approved for PPP Loan of amount $157,300, the current approved amount is $157,300. The loan was approved on 04/28/2020 by The Manufacturers and Traders Trust Company reported 20 jobs and $157,300 was used to fund payroll.

Palace foods inc is Existing or more than 2 years old

PPP Loan Search / PA / Reading / Palace foods inc

PALACE FOODS INC

Date Approved

04/28/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

PALACE FOODS INC

Borrower Address

100 Cleveland Avenue

Borrower City

Reading

Borrower State

PA

Borrower Zip

19605

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

157300.00

Current Approval Amount

157300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Reading

Project County Name

BERKS

Project State

PA

Project Zip

19605-0003

CD

PA-04

Jobs Reported

20

NAICS Code

311422

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9125.00

Payroll Proceed

118031.00

Mortgage Interest Proceed

0.00

Rent Proceed

28000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

2144

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

158644.59

Forgiveness Date

03/10/2021

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