# PPP loan: SEITHER & CHERRY - QUAD CITIES INC.
> **$201K** approved 04/07/2020 · Paid in Full · Loan `7158107002`
## Borrower
- **Name:** SEITHER & CHERRY - QUAD CITIES INC.
- **Address:** 611 E. 59th St, DAVENPORT, IA, 52807-2626
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Rent:** $36K
- **Utilities:** $2K
- **Health care:** $5K
- **Debt interest:** $3K
- **Jobs reported:** 16
## Lender
- **Originating:** IH Mississippi Valley Credit Union
- **Servicing:** IH Mississippi Valley Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*