# PPP loan: KENNEDY EXCAVATING CO INC
> **$510K** approved 04/29/2020 · Exemption 4 · Loan `2853527303`
## Borrower
- **Name:** KENNEDY EXCAVATING CO INC
- **Address:** 81 EBERTAFT RD, UXBRIDGE, MA, 01569-2069
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $390K (77%)
- **Forgiveness date:** 12/06/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $510K
- **Jobs reported:** 35
## Lender
- **Originating:** Savers Co-Operative Bank
- **Servicing:** Savers Co-Operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*