# PPP loan: SCHERER TRUCKING & EXCAVATION INC.
> **$162K** approved 01/27/2021 · Paid in Full · Loan `6807638305`
## Borrower
- **Name:** SCHERER TRUCKING & EXCAVATION INC.
- **Address:** 21903 Zenkner Valley Rd SW, Centralia, WA, 98531-9532
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $162K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Security State Bank
- **Servicing:** Security State Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*