# PPP loan: STEARNS CONSTRUCTION INC
> **$267K** approved 04/15/2020 · Paid in Full · Loan `1788677202`
## Borrower
- **Name:** STEARNS CONSTRUCTION INC
- **Address:** 2746 Pebble Acres Dr, VERNAL, UT, 84078
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Jobs reported:** 27
## Lender
- **Originating:** Mountain America FCU
- **Servicing:** Mountain America FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*