# PPP loan: MCQUADE DISTRIBUTING CO. INC.
> **$551K** approved 04/13/2020 · Paid in Full · Loan `5095887103`
## Borrower
- **Name:** MCQUADE DISTRIBUTING CO. INC.
- **Address:** 1150 INDUSTRIAL DR, BISMARCK, ND, 58501-3315
- **NAICS:** 424810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $69K
- **Utilities:** $69K
- **Jobs reported:** 31
## Lender
- **Originating:** Dakota Western Bank
- **Servicing:** Dakota Western Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*