# PPP loan: PALACE BAR LLC
> **$469K** approved 04/28/2020 · Paid in Full · Loan `8171727206`
## Borrower
- **Name:** PALACE BAR LLC
- **Address:** 1052 OCEAN DR, MIAMI BEACH, FL, 33139-5014
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $469K
- **Initial approval:** $469K
- **Forgiven:** $473K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $352K
- **Rent:** $117K
- **Jobs reported:** 50
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*