# PPP loan: PALMAS VERDES, LLC
> **$174K** approved 04/11/2020 · Paid in Full · Loan `3302287105`
## Borrower
- **Name:** PALMAS VERDES, LLC
- **Address:** 5104 OLD HICKORY BLVD, HERMITAGE, TN, 37076-2568
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 29
## Lender
- **Originating:** Reliant Bank, A Division of United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*