# PPP loan: DRAGOTEC USA INC.
> **$460K** approved 04/14/2020 · Paid in Full · Loan `7201497108`
## Borrower
- **Name:** DRAGOTEC USA INC.
- **Address:** 3701 30TH AVE, FENTON, IA, 50539-7027
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Jobs reported:** 31
## Lender
- **Originating:** Bank Midwest
- **Servicing:** Bank Midwest (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*