# PPP loan: PRODENCO GROUP INC.
> **$402K** approved 05/01/2021 · Paid in Full · Loan `6362858907`
## Borrower
- **Name:** PRODENCO GROUP INC.
- **Address:** 611 Omaha St, Sioux City, IA, 51103-3745
- **NAICS:** 621511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $402K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** The Security National Bank of Sioux City, Iowa
- **Servicing:** The Security National Bank of Sioux City, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*