# PPP loan: PALACE CORPORATION INC
> **$421K** approved 02/19/2021 · Paid in Full · Loan `1651698508`
## Borrower
- **Name:** PALACE CORPORATION INC
- **Address:** 1278 Market St, Chattanooga, TN, 37402-2713
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $421K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*