# PPP loan: PORTLAND UTILITIES CONSTRUCTION COMPANY LLC
> **$1.07M** approved 04/10/2020 · Paid in Full · Loan `1587887101`
## Borrower
- **Name:** PORTLAND UTILITIES CONSTRUCTION COMPANY LLC
- **Address:** 117 Demase St, Portland, TN, 37148-1423
- **NAICS:** 237110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $802K
- **Mortgage interest:** $134K
- **Utilities:** $134K
- **Jobs reported:** 96
## Lender
- **Originating:** Volunteer State Bank
- **Servicing:** Volunteer State Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*