# PPP loan: COMMERCIAL CONTRACTORS CO. OF MELROSE, INC.
> **$423K** approved 04/15/2020 · Paid in Full · Loan `8654987110`
## Borrower
- **Name:** COMMERCIAL CONTRACTORS CO. OF MELROSE, INC.
- **Address:** 631 CENTRAL AVE S, MELROSE, MN, 56352-1300
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $425K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Rent:** $3K
- **Utilities:** $2K
- **Jobs reported:** 44
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*