# PPP loan: CONTRACTORS CARGO CO.
> **$1.06M** approved 04/09/2020 · Paid in Full · Loan `9547667009`
## Borrower
- **Name:** CONTRACTORS CARGO CO.
- **Address:** 500 S ALAMEDA ST, COMPTON, CA, 90221-3801
- **NAICS:** 484230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $971K
- **Rent:** $1K
- **Mortgage interest:** $55K
- **Utilities:** $15K
- **Debt interest:** $12K
- **Jobs reported:** 57
## Lender
- **Originating:** Infinity Bank
- **Servicing:** Infinity Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*