# PPP loan: CVE CONTRACTING GROUP INC
> **$1.04M** approved 02/04/2021 · Exemption 4 · Loan `3343508407`
## Borrower
- **Name:** CVE CONTRACTING GROUP INC
- **Address:** 4263 N Selland Ave, Fresno, CA, 93722-7803
- **NAICS:** 238910
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $993K (95%)
- **Forgiveness date:** 12/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.04M
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*