# PPP loan: AMERICAN EXCAVTING LTD.
> **$473K** approved 04/04/2020 · Paid in Full · Loan `4914807003`
## Borrower
- **Name:** AMERICAN EXCAVTING LTD.
- **Address:** 3389 Hack Rd., SAGINAW, MI, 48601-9244
- **NAICS:** 237990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $473K
- **Initial approval:** $473K
- **Forgiven:** $476K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $421K
- **Utilities:** $5K
- **Health care:** $47K
- **Jobs reported:** 34
## Lender
- **Originating:** Isabella Bank
- **Servicing:** Isabella Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*