# PPP loan: WACHTER EXCAVATING, INC.
> **$252K** approved 04/08/2020 · Paid in Full · Loan `7675117003`
## Borrower
- **Name:** WACHTER EXCAVATING, INC.
- **Address:** 16580 144th Avenue, Spring Lake, MI, 49456-9283
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 17
## Lender
- **Originating:** Lake Michigan CU
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*