# PPP loan: KORTE CONSTRUCTION COMPANY
> **$3.20M** approved 04/07/2020 · Paid in Full · Loan `6708947008`
## Borrower
- **Name:** KORTE CONSTRUCTION COMPANY
- **Address:** 12441 US Highway 40, HIGHLAND, IL, 62249-3807
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $3.20M
- **Forgiven:** $3.24M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.06M
- **Rent:** $120K
- **Utilities:** $8K
- **Debt interest:** $10K
- **Jobs reported:** 179
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*