# PPP loan: CARNWATH EXCAVATING COMPANY
> **$423K** approved 04/06/2020 · Paid in Full · Loan `6024427004`
## Borrower
- **Name:** CARNWATH EXCAVATING COMPANY
- **Address:** 8457 ANDERSONVILLE RD Suite A, CLARKSTON, MI, 48346-2517
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $3K
- **Jobs reported:** 22
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*