# PPP loan: SEVERSON CONSTRUCTION SUPPLY CO
> **$177K** approved 04/05/2020 · Paid in Full · Loan `5199647008`
## Borrower
- **Name:** SEVERSON CONSTRUCTION SUPPLY CO
- **Address:** 2453 W  1ST ST, CRAIG, CO, 81625-3610
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $178K (100%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $18K
- **Utilities:** $18K
- **Jobs reported:** 13
## Lender
- **Originating:** Yampa Valley Bank
- **Servicing:** Yampa Valley Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*