# PPP loan: RED OAK EXCAVATING, INC
> **$226K** approved 01/16/2021 · Paid in Full · Loan `1056078309`
## Borrower
- **Name:** RED OAK EXCAVATING, INC
- **Address:** 5192 Barnesville Hwy, Red Oak, VA, 23964-5003
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 17
## Lender
- **Originating:** Benchmark Community Bank
- **Servicing:** Benchmark Community Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*