# PPP loan: PALMER & LAWRENCE INC
> **$400K** approved 05/01/2020 · Exemption 4 · Loan `6676997703`
## Borrower
- **Name:** PALMER & LAWRENCE INC
- **Address:** 5520 EASTCLIFF INDUSTRIAL LOOP, BIRMINGHAM, AL, 35210-5418
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $150K (37%)
- **Forgiveness date:** 02/18/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $400K
- **Jobs reported:** 6
## 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*