# PPP loan: STONEGATE CONSTRUCTION INC
> **$327K** approved 04/07/2020 · Paid in Full · Loan `7220037007`
## Borrower
- **Name:** STONEGATE CONSTRUCTION INC
- **Address:** 1378 Way Road, Belpre, OH, 45714-9633
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Rent:** $40K
- **Utilities:** $25K
- **Jobs reported:** 25
## Lender
- **Originating:** The Hocking Valley Bank
- **Servicing:** The Hocking Valley Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*