# PPP loan: CRUZ CONSTRUCTION INC
> **$5.02M** approved 04/15/2020 · Paid in Full · Loan `8062947105`
## Borrower
- **Name:** CRUZ CONSTRUCTION INC
- **Address:** 7000 East Palmer Wasilla Hwy, PALMER, AK, 99645
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.02M
- **Initial approval:** $5.02M
- **Forgiven:** $5.08M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.29M
- **Rent:** $266K
- **Utilities:** $13K
- **Health care:** $454K
- **Jobs reported:** 215
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*