# PPP loan: STERNQUIST CONSTRUCTION INC
> **$500K** approved 04/13/2020 · Paid in Full · Loan `4786237101`
## Borrower
- **Name:** STERNQUIST CONSTRUCTION INC
- **Address:** 1110 N  14TH ST, INDIANOLA, IA, 50125-1506
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 52
## Lender
- **Originating:** Peoples Savings Bank
- **Servicing:** Peoples Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*