# PPP loan: PALCAN INC
> **$213K** approved 01/23/2021 · Paid in Full · Loan `4185248301`
## Borrower
- **Name:** PALCAN INC
- **Address:** 160 Prospect Ave, Hackensack, NJ, 07601-1856
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $213K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Spencer Savings Bank, SLA
- **Servicing:** Spencer Savings Bank, SLA (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*