# PPP loan: CADECO INDUSTRIES INC
> **$1.40M** approved 04/06/2020 · Paid in Full · Loan `6242377000`
## Borrower
- **Name:** CADECO INDUSTRIES INC
- **Address:** 5610 Clinton Dr, HOUSTON, TX, 77020-8011
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $230K
- **Utilities:** $47K
- **Health care:** $15K
- **Debt interest:** $5K
- **Jobs reported:** 151
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*