# PPP loan: PALM OPTICAL CO INC
> **$230K** approved 04/14/2020 · Paid in Full · Loan `7182427102`
## Borrower
- **Name:** PALM OPTICAL CO INC
- **Address:** 20157 NE 16 PLACE, MIAMI, FL, 33179
- **NAICS:** 423460
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 20
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*