# PPP loan: TEAM EXCAVATING INC
> **$194K** approved 03/06/2021 · Paid in Full · Loan `7810778503`
## Borrower
- **Name:** TEAM EXCAVATING INC
- **Address:** 2525 NE 80th St, Altoona, IA, 50009-9506
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $194K
- **Utilities:** $1
- **Jobs reported:** 16
## 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) · MORVS · CC0 1.0*