# PPP loan: HAMMERS CONSTRUCTION INC
> **$698K** approved 04/07/2020 · Paid in Full · Loan `7265837004`
## Borrower
- **Name:** HAMMERS CONSTRUCTION INC
- **Address:** 1411 WOOLSEY HTS, COLORADO SPRINGS, CO, 80915-5400
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $698K
- **Initial approval:** $698K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $647K
- **Utilities:** $21K
- **Health care:** $20K
- **Debt interest:** $10K
- **Jobs reported:** 77
## Lender
- **Originating:** First National Bank Colorado
- **Servicing:** First National Bank Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*