# PPP loan: MDC CONTRACTING, LLC
> **$1.28M** approved 04/07/2020 · Paid in Full · Loan `7559687002`
## Borrower
- **Name:** MDC CONTRACTING, LLC
- **Address:** 05481 US HIGHWAY 31, CHARLEVOIX, MI, 49720-8919
- **NAICS:** 237990
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $30K
- **Utilities:** $37K
- **Health care:** $75K
- **Jobs reported:** 98
## Lender
- **Originating:** Charlevoix State Bank
- **Servicing:** Charlevoix State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*