# PPP loan: TERRY PALECEK, INC
> **$193K** approved 04/10/2020 · Paid in Full · Loan `2264437106`
## Borrower
- **Name:** TERRY PALECEK, INC
- **Address:** 83005 COUNTY ROAD F, BUTTERNUT, WI, 54514-8677
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Mortgage interest:** $4K
- **Utilities:** $4K
- **Jobs reported:** 22
## Lender
- **Originating:** Crossbridge Community Bank
- **Servicing:** Crossbridge Community Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*