# PPP loan: MONTEMAYOR CONSTRUCTION INC.
> **$748K** approved 04/06/2020 · Paid in Full · Loan `5623547002`
## Borrower
- **Name:** MONTEMAYOR CONSTRUCTION INC.
- **Address:** 1695 N Lancaster Rd, SOUTH ELGIN, IL, 60177-2703
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $748K
- **Initial approval:** $748K
- **Forgiven:** $757K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $561K
- **Utilities:** $75K
- **Health care:** $112K
- **Jobs reported:** 25
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*