# PPP loan: PALMER ELECTRIC COMPANY
> **$709K** approved 04/14/2020 · Paid in Full · Loan `6801277100`
## Borrower
- **Name:** PALMER ELECTRIC COMPANY
- **Address:** 875 JACKSON AVE 100, WINTER PARK, FL, 32789-4610
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $715K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $709K
- **Jobs reported:** 76
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*