# PPP loan: IMPERIAL PALACE INC
> **$241K** approved 04/08/2020 · Exemption 4 · Loan `7978027008`
## Borrower
- **Name:** IMPERIAL PALACE INC
- **Address:** 227 Parkingway, QUINCY, MA, 02169-5029
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $101K (42%)
- **Forgiveness date:** 07/29/2021
- **Status:** Exemption 4
- **Term:** 75 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 39
## Lender
- **Originating:** Rockland FCU
- **Servicing:** Rockland FCU (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*