# PPP loan: ALFRED PALMA LLC
> **$627K** approved 02/24/2021 · Paid in Full · Loan `3698098501`
## Borrower
- **Name:** ALFRED PALMA LLC
- **Address:** 422 7th St, Lake Charles, LA, 70601-6007
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $627K
- **Initial approval:** $627K
- **Forgiven:** $635K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $627K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*