# PPP loan: TENCO EXCAVATING INC
> **$676K** approved 04/09/2020 · Paid in Full · Loan `8894927004`
## Borrower
- **Name:** TENCO EXCAVATING INC
- **Address:** 106 Mooney Dr, BOURBONNAIS, IL, 60914-2124
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $676K
- **Initial approval:** $676K
- **Forgiven:** $682K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $670K
- **Utilities:** $6K
- **Jobs reported:** 80
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*