# PPP loan: PALATEC MANUFACTURING, INC
> **$219K** approved 04/08/2020 · Paid in Full · Loan `8670417005`
## Borrower
- **Name:** PALATEC MANUFACTURING, INC
- **Address:** 2998 HUNTSVILLE HWY, FAYETTEVILLE, TN, 37334-6692
- **NAICS:** 321920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $22K
- **Jobs reported:** 26
## Lender
- **Originating:** Bank of Lincoln County
- **Servicing:** Bank of Lincoln County (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*