# PPP loan: SEDALCO, INC.
> **$1.30M** approved 04/06/2020 · Paid in Full · Loan `5804737010`
## Borrower
- **Name:** SEDALCO, INC.
- **Address:** 4100 FOSSIL CREEK BLVD, FORT WORTH, TX, 76137-2723
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $981K (75%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $8K
- **Utilities:** $28K
- **Debt interest:** $61K
- **Jobs reported:** 65
## Lender
- **Originating:** InterBank
- **Servicing:** InterBank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*