# PPP loan: PALAZZO GRANDE INC, THE
> **$455K** approved 05/03/2020 · Exemption 4 · Loan `4975377706`
## Borrower
- **Name:** PALAZZO GRANDE INC, THE
- **Address:** 54660 VAN DYKE AVE, SHELBY TOWNSHIP, MI, 48316-1830
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $455K
- **Initial approval:** $277K
- **Forgiven:** $248K (55%)
- **Forgiveness date:** 11/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $455K
- **Jobs reported:** 98
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*