# PPP loan: SPENCO EXCAVATING INC
> **$195K** approved 04/15/2020 · Exemption 4 · Loan `9789597102`
## Borrower
- **Name:** SPENCO EXCAVATING INC
- **Address:** 10766 Reussner Rd, PATASKALA, OH, 43062
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $175K (90%)
- **Forgiveness date:** 04/26/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $195K
- **Jobs reported:** 19
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*