# PPP loan: A B EXCAVATING, INC.
> **$327K** approved 04/03/2020 · Paid in Full · Loan `4498897008`
## Borrower
- **Name:** A B EXCAVATING, INC.
- **Address:** 653 MAIN ST, LANCASTER, NH, 03584-3612
- **NAICS:** 113310
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $10K
- **Utilities:** $7K
- **Health care:** $39K
- **Debt interest:** $26K
- **Jobs reported:** 28
## Lender
- **Originating:** Passumpsic Savings Bank
- **Servicing:** Passumpsic Savings Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*