# PPP loan: MEL FOSTER BROKERAGE OF IOWA, LLC
> **$249K** approved 04/06/2020 · Paid in Full · Loan `6279807002`
## Borrower
- **Name:** MEL FOSTER BROKERAGE OF IOWA, LLC
- **Address:** 3211 E 35th St Ct, DAVENPORT, IA, 52807
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 20
## 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*