# PPP loan: XCAVATORS, INC.
> **$439K** approved 04/06/2020 · Paid in Full · Loan `6147887002`
## Borrower
- **Name:** XCAVATORS, INC.
- **Address:** 20831A HIGHWAY 15, FALKNER, MS, 38629-9123
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Jobs reported:** 39
## Lender
- **Originating:** The Peoples Bank
- **Servicing:** The Peoples Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*