# PPP loan: RAYMOND EXCAVATING COMPANY
> **$604K** approved 01/25/2021 · Paid in Full · Loan `5654618303`
## Borrower
- **Name:** RAYMOND EXCAVATING COMPANY
- **Address:** 800 Gratiot Blvd, Marysville, MI, 48040-1127
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $611K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $604K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*