# PPP loan: PROPST CONSTRUCTION COMPANY
> **$732K** approved 04/07/2020 · Paid in Full · Loan `6552527003`
## Borrower
- **Name:** PROPST CONSTRUCTION COMPANY
- **Address:** PO BOX 688, CONCORD, NC, 28026-0688
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $732K
- **Initial approval:** $764K
- **Forgiven:** $740K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $732K
- **Jobs reported:** 48
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*