# PPP loan: TOVEY/SHULTZ CONSTRUCTION, INC.
> **$650K** approved 04/07/2020 · Paid in Full · Loan `6964207008`
## Borrower
- **Name:** TOVEY/SHULTZ CONSTRUCTION, INC.
- **Address:** 18261 Collier Ave Suite A, LAKE ELSINORE, CA, 92530-2720
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Rent:** $162K
- **Jobs reported:** 38
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*