# PPP loan: R. M. PALMER COMPANY
> **$5.00M** approved 04/09/2020 · Paid in Full · Loan `9887017009`
## Borrower
- **Name:** R. M. PALMER COMPANY
- **Address:** 77 S Second Ave, READING, PA, 19611-1223
- **NAICS:** 311351
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.00M
- **Initial approval:** $5.00M
- **Forgiven:** $5.06M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.00M
- **Jobs reported:** 500
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*