# PPP loan: MCCONNELL EXCAVATING LTD
> **$1.60M** approved 04/11/2020 · Paid in Full · Loan `2708447100`
## Borrower
- **Name:** MCCONNELL EXCAVATING LTD
- **Address:** 15804 State Route 58, OBERLIN, OH, 44074
- **NAICS:** 238910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Jobs reported:** 212
## Lender
- **Originating:** Somerset Trust Company
- **Servicing:** Somerset Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*