# PPP loan: COVE POINT MANAGEMENT INC.
> **$195K** approved 04/15/2020 · Paid in Full · Loan `1796027206`
## Borrower
- **Name:** COVE POINT MANAGEMENT INC.
- **Address:** 1988 North COVE POINT LN, PROVO, UT, 84604-1323
- **NAICS:** 623312
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $194K (99%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Mortgage interest:** $41K
- **Utilities:** $9K
- **Health care:** $5K
- **Jobs reported:** 32
## Lender
- **Originating:** Holladay Bank and Trust
- **Servicing:** Holladay Bank and Trust (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*