# PPP loan: ADAMS INC
> **$322K** approved 03/05/2021 · Paid in Full · Loan `7118978508`
## Borrower
- **Name:** ADAMS INC
- **Address:** 10100 E Puffin Dr, Palmer, AK, 99645-9111
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $322K
- **Jobs reported:** 11
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*