# PPP loan: EXCEL PAVING CORPORATION
> **$802K** approved 01/27/2021 · Paid in Full · Loan `7024508310`
## Borrower
- **Name:** EXCEL PAVING CORPORATION
- **Address:** 2043 Church St, Norfolk, VA, 23504-2332
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $802K
- **Initial approval:** $802K
- **Forgiven:** $807K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $802K
- **Utilities:** $1
- **Jobs reported:** 92
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*