# PPP loan: MADSEN BUILDERS INC
> **$424K** approved 04/28/2020 · Paid in Full · Loan `7252897208`
## Borrower
- **Name:** MADSEN BUILDERS INC
- **Address:** 5236 Earle Street, Fremont, CA, 94536
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $430K (102%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $364K
- **Rent:** $34K
- **Utilities:** $17K
- **Health care:** $8K
- **Jobs reported:** 23
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*