# PPP loan: ADEL WHOLESALERS, INC.
> **$360K** approved 04/06/2020 · Paid in Full · Loan `6352147002`
## Borrower
- **Name:** ADEL WHOLESALERS, INC.
- **Address:** 1101 State Street, BETTENDORF, IA, 52722-4857
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $360K
- **Jobs reported:** 31
## 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*