# PPP loan: PALMA MECHANICAL INSULATIONS, INC
> **$336K** approved 04/07/2020 · Paid in Full · Loan `7406807000`
## Borrower
- **Name:** PALMA MECHANICAL INSULATIONS, INC
- **Address:** 1052 COMSTOCK ST, MARNE, MI, 49435-9603
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $336K
- **Initial approval:** $336K
- **Forgiven:** $338K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Jobs reported:** 24
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*