# PPP loan: PALACE TRANSPORT COMPANY
> **$950K** approved 05/01/2020 · Charged Off · Loan `8907227703`
## Borrower
- **Name:** PALACE TRANSPORT COMPANY
- **Address:** 3032 E Dunes St,19600 S ALAMEDA ST, Ontario, CA, 91761
- **NAICS:** 488999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $950K
- **Initial approval:** $950K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $950K
- **Jobs reported:** 56
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*