Korte Construction Company

$3,197,500 PPP Loan in Highland, Illinois

Loan Details

Loan Number
6708947008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$3,197,500
Current Approval
$3,197,500
Forgiveness Amount
$3,235,337
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Korte Construction Company
Address
12441 US Highway 40
ZIP Code
62249-3807
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
179
Estimated Revenue
$203.9M
Rural/Urban
Urban
Congressional District
IL-15

Loan Use Breakdown

Payroll
$3,059,500
Rent
$120,000
Utilities
$8,000
Debt Interest
$10,000

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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