# PPP loan: THE PALACE RESORT LLC.
> **$238K** approved 02/11/2021 · Paid in Full · Loan `7167308404`
## Borrower
- **Name:** THE PALACE RESORT LLC.
- **Address:** 1144 Shine Ave, Myrtle Beach, SC, 29577-1503
- **NAICS:** 721110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $237K (99%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $238K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** South Atlantic Bank
- **Servicing:** South Atlantic Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*