# PPP loan: MAGEE EXCAVATION & DEVELOPMENT, L.L.C.
> **$724K** approved 02/02/2021 · Paid in Full · Loan `1632498403`
## Borrower
- **Name:** MAGEE EXCAVATION & DEVELOPMENT, L.L.C.
- **Address:** 78263 Highway 25, Folsom, LA, 70437-3424
- **NAICS:** 237310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $724K
- **Initial approval:** $724K
- **Forgiven:** $734K (101%)
- **Forgiveness date:** 06/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $724K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*