# PPP loan: ILE EXCAVATING, INC.
> **$445K** approved 05/01/2020 · Paid in Full · Loan `1126427710`
## Borrower
- **Name:** ILE EXCAVATING, INC.
- **Address:** 9038 Hunter Bay Dr., BRIGHTON, MI, 48114
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $449K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $434K
- **Rent:** $11K
- **Jobs reported:** 180
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*