# PPP loan: PALACE FOOD INC.
> **$473K** approved 01/20/2021 · Paid in Full · Loan `2004648306`
## Borrower
- **Name:** PALACE FOOD INC.
- **Address:** 1110 Market St, Chattanooga, TN, 37402-2863
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $473K
- **Initial approval:** $473K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $473K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*