# PPP loan: AMERICAN EXCAVATING CORP
> **$619K** approved 04/07/2020 · Paid in Full · Loan `6961897010`
## Borrower
- **Name:** AMERICAN EXCAVATING CORP
- **Address:** 5 MADDEN RD, DERRY, NH, 03038-2245
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Rent:** $18K
- **Utilities:** $4K
- **Health care:** $45K
- **Jobs reported:** 27
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*