# PPP loan: GRANT'S EXCAVATING, INC.
> **$326K** approved 04/05/2020 · Paid in Full · Loan `5574197007`
## Borrower
- **Name:** GRANT'S EXCAVATING, INC.
- **Address:** PO BOX 298, RICHMOND, KY, 40476-0298
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Mortgage interest:** $9K
- **Utilities:** $2K
- **Jobs reported:** 25
## Lender
- **Originating:** 1st Trust Bank, Inc.
- **Servicing:** 1st Trust Bank, Inc. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*