# PPP loan: PALO VERDE, INC.
> **$868K** approved 04/09/2020 · Paid in Full · Loan `9055157002`
## Borrower
- **Name:** PALO VERDE, INC.
- **Address:** 924 W COLFAX AVE Suite 203, DENVER, CO, 80204-2042
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $868K
- **Initial approval:** $862K
- **Forgiven:** $877K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $738K
- **Rent:** $113K
- **Utilities:** $17K
- **Jobs reported:** 330
## 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*