# PPP loan: PALM VALLEY HEALTH CARE II, INC
> **$321K** approved 04/14/2020 · Paid in Full · Loan `6977077103`
## Borrower
- **Name:** PALM VALLEY HEALTH CARE II, INC
- **Address:** 119 E Canton Road, EDINBURG, TX, 78539
- **NAICS:** 621610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Rent:** $19K
- **Utilities:** $10K
- **Jobs reported:** 34
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*