# PPP loan: PALM GARDENS, INC.
> **$576K** approved 04/09/2020 · Paid in Full · Loan `9571037008`
## Borrower
- **Name:** PALM GARDENS, INC.
- **Address:** 1224 W HYW 83, ALAMO, TX, 78516-2533
- **NAICS:** 424930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $507K (88%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Jobs reported:** 227
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*