# PPP loan: ALBERT PALANCIA AGENCY, INC.
> **$221K** approved 04/15/2020 · Paid in Full · Loan `8265727109`
## Borrower
- **Name:** ALBERT PALANCIA AGENCY, INC.
- **Address:** 116 Mamaroneck Ave, Mamaroneck, NY, 10543
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $10K
- **Utilities:** $3K
- **Health care:** $38K
- **Debt interest:** $520
- **Jobs reported:** 12
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*