# PPP loan: PALAPAS INC.
> **$411K** approved 02/25/2021 · Paid in Full · Loan `4091998509`
## Borrower
- **Name:** PALAPAS INC.
- **Address:** 21 Seascape Vlg, Aptos, CA, 95003-6102
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $416K (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $411K
- **Utilities:** $1
- **Jobs reported:** 38
## 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*