# PPP loan: FRANCIS J. PALO INC.
> **$1.50M** approved 04/27/2020 · Paid in Full · Loan `5565187209`
## Borrower
- **Name:** FRANCIS J. PALO INC.
- **Address:** 309 South 4TH AVE, CLARION, PA, 16214-2209
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 98
## Lender
- **Originating:** The Farmers National Bank of Canfield
- **Servicing:** The Farmers National Bank of Canfield (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*