# PPP loan: NISS EXCAVATION, INC.
> **$215K** approved 04/06/2020 · Paid in Full · Loan `5742627005`
## Borrower
- **Name:** NISS EXCAVATION, INC.
- **Address:** 3609 S FEDERAL AVE, MASON CITY, IA, 50401-6710
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $20K
- **Utilities:** $3K
- **Debt interest:** $8K
- **Jobs reported:** 19
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*