# PPP loan: R & T ELLIS EXCAVATING INC.
> **$1.50M** approved 04/13/2020 · Paid in Full · Loan `4280557106`
## Borrower
- **Name:** R & T ELLIS EXCAVATING INC.
- **Address:** 445 CR 2301, CLEVELAND, TX, 77327
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1000K
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 108
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*