# PPP loan: COLARELLI CONSTRUCTION, INC.
> **$671K** approved 04/07/2020 · Paid in Full · Loan `6700317002`
## Borrower
- **Name:** COLARELLI CONSTRUCTION, INC.
- **Address:** 111 S TEJON ST 112, COLORADO SPRINGS, CO, 80903-2218
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $675K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Health care:** $62K
- **Jobs reported:** 45
## Lender
- **Originating:** Stockmens Bank
- **Servicing:** Stockmens Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*