# PPP loan: TEAM EXCAVATING INC
> **$210K** approved 04/09/2020 · Paid in Full · Loan `9702667010`
## Borrower
- **Name:** TEAM EXCAVATING INC
- **Address:** 2525 NE 80th Street PO Box 561, ALTOONA, IA, 50009
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 23
## Lender
- **Originating:** South Story Bank & Trust
- **Servicing:** South Story Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*