As part of the Paycheck Protection Program PALMAN ELECTRIC INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

PALMAN ELECTRIC INC


Loan Amount	$2,080,000
BusinessName	PALMAN ELECTRIC INC
Address	450 PIKE RD
City	HUNTINGDON VALLEY
State	PA
Zip	19006
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	52
DateApproved	04/14/2020
Lender	PNC Bank, National Association
CD	PA-01
BusinessName.clean	PALMAN ELECTRIC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

PALMCO ADMINISTRATION
PALMDALE OIL COMPANY
PALMEN AUTOMOTIVE GROUP OF RACINE
PALMEN BUICK GMC CADILLAC
PALMEN MOTORS