# PPP loan: REDSTONE RESIDENTIAL, INC.
> **$2.30M** approved 04/09/2020 · Paid in Full · Loan `9336827009`
## Borrower
- **Name:** REDSTONE RESIDENTIAL, INC.
- **Address:** 2483 N CANYON RD, PROVO, UT, 84604-5907
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.30M
- **Initial approval:** $2.30M
- **Forgiven:** $2.33M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.84M
- **Mortgage interest:** $460K
- **Jobs reported:** 369
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*