# PPP loan: CARNWATH EXCAVATING CO
> **$423K** approved 01/20/2021 · Paid in Full · Loan `2473798308`
## Borrower
- **Name:** CARNWATH EXCAVATING CO
- **Address:** 8457 Andersonville Rd Ste A, Clarkston, MI, 48346-2575
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $422K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*