# PPP loan: MELS CAPE CORAL LLC
> **$383K** approved 04/10/2020 · Paid in Full · Loan `1535477105`
## Borrower
- **Name:** MELS CAPE CORAL LLC
- **Address:** 1331 NE Pine Island Road, CAPE CORAL, FL, 33909-2172
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Rent:** $24K
- **Mortgage interest:** $24K
- **Utilities:** $24K
- **Health care:** $24K
- **Jobs reported:** 85
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*