# PPP loan: ISLAND EXCAVATING, INC
> **$218K** approved 04/13/2020 · Paid in Full · Loan `5691997108`
## Borrower
- **Name:** ISLAND EXCAVATING, INC
- **Address:** 3340 Orcas Road, EASTSOUND, WA, 98245-8421
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $55K
- **Jobs reported:** 18
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*