# PPP loan: KOESTER CONSTRUCTION COMPANY INC
> **$500K** approved 04/07/2020 · Paid in Full · Loan `7003297008`
## Borrower
- **Name:** KOESTER CONSTRUCTION COMPANY INC
- **Address:** 3050 SE Enterprise Dr, GRIMES, IA, 50111-4993
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $25K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Health care:** $25K
- **Debt interest:** $25K
- **Jobs reported:** 41
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*