# PPP loan: CDB UTILITY CONTRACTORS, INC.
> **$567K** approved 04/03/2020 · Paid in Full · Loan `4575497000`
## Borrower
- **Name:** CDB UTILITY CONTRACTORS, INC.
- **Address:** 11029 136th Street, DAVENPORT, IA, 52804-8850
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Rent:** $14K
- **Mortgage interest:** $26K
- **Utilities:** $3K
- **Health care:** $39K
- **Jobs reported:** 41
## Lender
- **Originating:** IH Mississippi Valley Credit Union
- **Servicing:** IH Mississippi Valley Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*