# PPP loan: CADAN CORPORATION
> **$503K** approved 04/07/2020 · Paid in Full · Loan `6556937005`
## Borrower
- **Name:** CADAN CORPORATION
- **Address:** 4131 OLD SIBLEY MEMORIAL HIGHWAY STE 200, SAINT PAUL, MN, 55122-1946
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $453K
- **Rent:** $20K
- **Utilities:** $30K
- **Jobs reported:** 40
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*