# PPP loan: PALACE SPA LLC
> **$254K** approved 02/08/2021 · Paid in Full · Loan `5220798401`
## Borrower
- **Name:** PALACE SPA LLC
- **Address:** 3502 Ambassador Caffery Pkwy, Lafayette, LA, 70503-5131
- **NAICS:** 812112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Gulf Coast Bank
- **Servicing:** Gulf Coast Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*