# PPP loan: PALM BEACH IMPORTS INC
> **$6.25M** approved 04/09/2020 · Paid in Full · Loan `1026057110`
## Borrower
- **Name:** PALM BEACH IMPORTS INC
- **Address:** 2060 BISCAYNE BLVD, MIAMI, FL, 33137-5024
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.25M
- **Initial approval:** $6.25M
- **Forgiven:** $6.36M (102%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.25M
- **Jobs reported:** 437
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*