# PPP loan: SIPES CONCRETE, INC.
> **$546K** approved 04/16/2020 · Paid in Full · Loan `2808317202`
## Borrower
- **Name:** SIPES CONCRETE, INC.
- **Address:** 213 SMOKEY ST, Fort Collins, CO, 80525
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $546K
- **Initial approval:** $546K
- **Forgiven:** $549K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Rent:** $67K
- **Utilities:** $6K
- **Health care:** $36K
- **Debt interest:** $929
- **Jobs reported:** 70
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*