# PPP loan: PALACIO DEL RIO, INC.
> **$2.72M** approved 06/18/2020 · Paid in Full · Loan `8243297905`
## Borrower
- **Name:** PALACIO DEL RIO, INC.
- **Address:** 200 SALAMO ST, SAN ANTONIO, TX, 78205-3213
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.72M
- **Initial approval:** $2.72M
- **Forgiven:** $2.77M (102%)
- **Forgiveness date:** 05/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.12M
- **Mortgage interest:** $300K
- **Utilities:** $300K
- **Jobs reported:** 292
## Lender
- **Originating:** Broadway National Bank
- **Servicing:** Broadway National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*