# PPP loan: M.R. PAVING & EXCAVATING INC.
> **$1.17M** approved 03/29/2021 · Paid in Full · Loan `2560358706`
## Borrower
- **Name:** M.R. PAVING & EXCAVATING INC.
- **Address:** 2020 N Spring St, New Ulm, MN, 56073-2277
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (100%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 86
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*