# PPP loan: PALMER ENGINEERING, INC.
> **$170K** approved 04/09/2020 · Paid in Full · Loan `1066347108`
## Borrower
- **Name:** PALMER ENGINEERING, INC.
- **Address:** 3525 Capitol City Blvd. 0.0, Lansing, MI, 48906-2101
- **NAICS:** 336370
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $115K
- **Rent:** $17K
- **Utilities:** $17K
- **Health care:** $21K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*