# PPP loan: SHALESTONE, INC.
> **$2.20M** approved 04/03/2020 · Paid in Full · Loan `4538297000`
## Borrower
- **Name:** SHALESTONE, INC.
- **Address:** 2768 COMPASS DR Suite 103, GRAND JUNCTION, CO, 81506-3926
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.25M
- **Forgiven:** $2.23M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $549K
- **Jobs reported:** 148
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*