# PPP loan: JC EXCAVATION CO
> **$158K** approved 04/28/2020 · Exemption 4 · Loan `7939197206`
## Borrower
- **Name:** JC EXCAVATION CO
- **Address:** 21574 Dogwood Dr, NEW CANEY, TX, 77357
- **NAICS:** 212321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $35K (22%)
- **Forgiveness date:** 05/05/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 41
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*