# PPP loan: CORNERSTONE EXCAVATING INC.
> **$305K** approved 01/31/2021 · Paid in Full · Loan `9600518300`
## Borrower
- **Name:** CORNERSTONE EXCAVATING INC.
- **Address:** 1320 W Main St, Washington, IA, 52353-1652
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $307K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $305K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Washington State Bank
- **Servicing:** Washington State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*