# PPP loan: PALCARE
> **$474K** approved 02/13/2021 · Paid in Full · Loan `8257358406`
## Borrower
- **Name:** PALCARE
- **Address:** 945 California Dr, Burlingame, CA, 94010-3605
- **NAICS:** 624410
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $474K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Beacon Business Bank National Association
- **Servicing:** Beacon Business Bank National Association (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*