# PPP loan: DERCON CONSTRUCTION SERVICES INC
> **$171K** approved 04/08/2020 · Paid in Full · Loan `8787157003`
## Borrower
- **Name:** DERCON CONSTRUCTION SERVICES INC
- **Address:** 727 170TH LN NW, ANDOVER, MN, 55304-1552
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $34K
- **Utilities:** $9K
- **Jobs reported:** 11
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*