# PPP loan: DAXAM INC.
> **$168K** approved 03/15/2021 · Paid in Full · Loan `2698918602`
## Borrower
- **Name:** DAXAM INC.
- **Address:** 1550 Executive Dr, Elgin, IL, 60123-9311
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 05/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $168K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*