# PPP loan: PALMERS RESTAURANT, INC.
> **$175K** approved 04/30/2020 · Exemption 4 · Loan `6321577304`
## Borrower
- **Name:** PALMERS RESTAURANT, INC.
- **Address:** 18 Elm St, Andover, MA, 01810
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $143K (82%)
- **Forgiveness date:** 11/17/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 25
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*