# PPP loan: DEPALO FOODS, INC
> **$357K** approved 04/06/2020 · Paid in Full · Loan `6063597001`
## Borrower
- **Name:** DEPALO FOODS, INC
- **Address:** 2010 OAKS PKWY, BELMONT, NC, 28012-5133
- **NAICS:** 311812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $357K
- **Jobs reported:** 49
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*