# PPP loan: CALACCI CONSTRUCTION CO INC
> **$685K** approved 04/07/2020 · Paid in Full · Loan `6633767007`
## Borrower
- **Name:** CALACCI CONSTRUCTION CO INC
- **Address:** 2881 Independence Road, IOWA CITY, IA, 52240-8171
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $693K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $514K
- **Rent:** $150K
- **Utilities:** $21K
- **Jobs reported:** 20
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*