# PPP loan: PREFERRED CONCRETE & EXCAVATING, INC.
> **$390K** approved 04/06/2020 · Paid in Full · Loan `6316657005`
## Borrower
- **Name:** PREFERRED CONCRETE & EXCAVATING, INC.
- **Address:** 1321 S. ADAMS AVE, FREEPORT, IL, 61032-9705
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $210K (54%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Rent:** $49K
- **Utilities:** $49K
- **Jobs reported:** 10
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*