# PPP loan: MERCHANT EXCAVATING INC
> **$181K** approved 04/03/2020 · Paid in Full · Loan `4447947010`
## Borrower
- **Name:** MERCHANT EXCAVATING INC
- **Address:** 4040 STATE RD, ALMA, MI, 48801-9744
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $145K
- **Rent:** $7K
- **Mortgage interest:** $14K
- **Utilities:** $2K
- **Health care:** $13K
- **Jobs reported:** 19
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*