# PPP loan: LABBE EXCAVATING, INC.
> **$230K** approved 04/13/2020 · Paid in Full · Loan `5161987108`
## Borrower
- **Name:** LABBE EXCAVATING, INC.
- **Address:** 6 Drews Mill Rd, Arundel, ME, 04046
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $6K
- **Utilities:** $600
- **Jobs reported:** 15
## Lender
- **Originating:** Maine Community Bank
- **Servicing:** Maine Community Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*