# PPP loan: PROFESSIONAL EXCAVATING INC
> **$201K** approved 04/07/2020 · Paid in Full · Loan `7296537000`
## Borrower
- **Name:** PROFESSIONAL EXCAVATING INC
- **Address:** 22370 152ND PL, BOX ELDER, SD, 57719-8124
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $2K
- **Utilities:** $6K
- **Health care:** $20K
- **Debt interest:** $12K
- **Jobs reported:** 24
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*