# PPP loan: PALO ALTO, INC.
> **$4.79M** approved 04/09/2020 · Paid in Full · Loan `8946677004`
## Borrower
- **Name:** PALO ALTO, INC.
- **Address:** 924 W COLFAX AVE, DENVER, CO, 80204-2042
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.79M
- **Initial approval:** $4.89M
- **Forgiven:** $4.85M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.08M
- **Rent:** $623K
- **Utilities:** $96K
- **Jobs reported:** 500
## Lender
- **Originating:** Solera National Bank
- **Servicing:** Solera National Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*