# PPP loan: PALUMBO FOODS, LLC
> **$372K** approved 04/15/2020 · Paid in Full · Loan `8589257106`
## Borrower
- **Name:** PALUMBO FOODS, LLC
- **Address:** 8990 Gap Newport Pike, Avondale, PA, 19311
- **NAICS:** 484230
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $279K
- **Rent:** $46K
- **Utilities:** $46K
- **Jobs reported:** 25
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*