# PPP loan: ORTIZ CONSTRUCTION LLC
> **$150K** approved 04/16/2020 · Exemption 4 · Loan `2338027203`
## Borrower
- **Name:** ORTIZ CONSTRUCTION LLC
- **Address:** 4 MERGANSER CT, MIDDLETOWN, DE, 19709-9172
- **NAICS:** 236116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $13K (8%)
- **Forgiveness date:** 06/02/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 1
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*