# PPP loan: PALM AVENUE MOTORS, INC
> **$152K** approved 04/14/2020 · Paid in Full · Loan `7995037100`
## Borrower
- **Name:** PALM AVENUE MOTORS, INC
- **Address:** 2201 Palm Ave, SAN MATEO, CA, 94403-1814
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 10
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*