# PPP loan: VERNATE CONSTRUCTION, INC.
> **$189K** approved 04/28/2020 · Paid in Full · Loan `6566257202`
## Borrower
- **Name:** VERNATE CONSTRUCTION, INC.
- **Address:** 1392 W. 103RD ST, CHICAGO, IL, 60643-2302
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Rent:** $9K
- **Utilities:** $4K
- **Jobs reported:** 14
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*