# PPP loan: BORMON CONSTRUCTION, INC.
> **$217K** approved 04/07/2020 · Paid in Full · Loan `6702607010`
## Borrower
- **Name:** BORMON CONSTRUCTION, INC.
- **Address:** 295 Azalea Dr Unit 2, DESTIN, FL, 32541-7367
- **NAICS:** 423320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $288K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 15
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*