# PPP loan: PALMER CAR COMPANIES, INC.
> **$1.01M** approved 04/07/2020 · Paid in Full · Loan `6531837003`
## Borrower
- **Name:** PALMER CAR COMPANIES, INC.
- **Address:** 7680 AIRPORT BOULEVARD, MOBILE, AL, 36608-5004
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $962K (95%)
- **Forgiveness date:** 09/15/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 87
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*