# PPP loan: PALAPAS INC.
> **$235K** approved 04/11/2020 · Paid in Full · Loan `3515377101`
## Borrower
- **Name:** PALAPAS INC.
- **Address:** 21 Seascape Village, APTOS, CA, 95003-6102
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $29K
- **Utilities:** $29K
- **Jobs reported:** 70
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*