# PPP loan: DACO CONSTRUCTION CORPORATION
> **$708K** approved 04/14/2020 · Paid in Full · Loan `7702087101`
## Borrower
- **Name:** DACO CONSTRUCTION CORPORATION
- **Address:** 7538 Old Coaling Road, Harmans, MD, 21077
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $708K
- **Initial approval:** $708K
- **Forgiven:** $718K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $648K
- **Rent:** $9K
- **Utilities:** $3K
- **Health care:** $24K
- **Debt interest:** $25K
- **Jobs reported:** 48
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*