# PPP loan: PALM BEACH GRADING, INC.
> **$1.04M** approved 04/04/2020 · Paid in Full · Loan `4833747007`
## Borrower
- **Name:** PALM BEACH GRADING, INC.
- **Address:** 7120 S KANNER HIGHWAY STUART, STUART, FL, 34997
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $784K
- **Utilities:** $261K
- **Jobs reported:** 94
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*