# PPP loan: GENERAL LOGISTICS, INC.
> **$2.51M** approved 04/12/2020 · Paid in Full · Loan `3853927103`
## Borrower
- **Name:** GENERAL LOGISTICS, INC.
- **Address:** 5000 Tremont Avenue, Suite 300 B, DAVENPORT, IA, 52807
- **NAICS:** 484122
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.55M (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.51M
- **Jobs reported:** 147
## Lender
- **Originating:** Quad City Bank and Trust Company
- **Servicing:** Quad City Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*