# PPP loan: PALUMBO SAND & GRAVEL CO., INC.
> **$151K** approved 04/14/2020 · Paid in Full · Loan `6551687101`
## Borrower
- **Name:** PALUMBO SAND & GRAVEL CO., INC.
- **Address:** 2600 New York 22, Dover Plains, NY, 12522
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Utilities:** $5K
- **Health care:** $8K
- **Debt interest:** $600
- **Jobs reported:** 14
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*