# PPP loan: PALMERA CONSTRUCTION & DEVELOPMENT, INC.
> **$1.19M** approved 04/16/2020 · Paid in Full · Loan `2992137206`
## Borrower
- **Name:** PALMERA CONSTRUCTION & DEVELOPMENT, INC.
- **Address:** 5505 BRYSTONE DR, HOUSTON, TX, 77041-7012
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Jobs reported:** 128
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*