# PPP loan: PALA GROUP INC
> **$5.77M** approved 04/05/2020 · Paid in Full · Loan `5362707003`
## Borrower
- **Name:** PALA GROUP INC
- **Address:** 16347 OLD HAMMOND HWY, BATON ROUGE, LA, 70816-1730
- **NAICS:** 541613
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.77M
- **Initial approval:** $7.27M
- **Forgiven:** $5.84M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.77M
- **Jobs reported:** 351
## 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*