# PPP loan: BEIJING PALACE OF SWAMPSCOTT INC
> **$186K** approved 03/24/2021 · Paid in Full · Loan `7591368606`
## Borrower
- **Name:** BEIJING PALACE OF SWAMPSCOTT INC
- **Address:** 430 Paradise Rd, Swampscott, MA, 01907-1354
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $186K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** New Valley Bank & Trust
- **Servicing:** New Valley Bank & Trust (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*