# PPP loan: CONTRACT DEWATERING SVC, INC.
> **$415K** approved 04/07/2020 · Paid in Full · Loan `6799947002`
## Borrower
- **Name:** CONTRACT DEWATERING SVC, INC.
- **Address:** 5820 W. RIVERSIDE DR PO BOX1, SARANAC, MI, 48881-9837
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $415K
- **Initial approval:** $415K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $333K
- **Rent:** $11K
- **Utilities:** $8K
- **Health care:** $48K
- **Debt interest:** $15K
- **Jobs reported:** 25
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*