# PPP loan: SPADE EXCAVATING, INC.
> **$632K** approved 04/29/2020 · Paid in Full · Loan `2330327303`
## Borrower
- **Name:** SPADE EXCAVATING, INC.
- **Address:** PO BOX 1524, Draper, UT, 84020
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $628K
- **Utilities:** $631.63
- **Health care:** $3K
- **Jobs reported:** 60
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*