# PPP loan: KAD CONSTRUCTION INC.
> **$247K** approved 03/16/2021 · Paid in Full · Loan `3136948603`
## Borrower
- **Name:** KAD CONSTRUCTION INC.
- **Address:** 5132 Departure Dr, Raleigh, NC, 27616-1814
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*