THE PALMS RESTAURANT LTD (VT) - 2020 PPP Loan Borrower Profile (# 3711758406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to THE PALMS RESTAURANT LTD. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Vermont.

Loan Detail

Loan Number

3711758406

SBA Office Code

0150

Processing Method

PPS

Curent Loan Amount

$84,150

Date Loan was Approved

Feb 5, 2021

Amount Forgiven

$84,747.12

Date Loan was Forgiven

Nov 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

84,146

Lender

Northeast Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

Rutland, VT

Project Location

Rutland, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.