# PPP loan: EXCAVATING MATERIALS & EQUIPMENT INC.
> **$222K** approved 04/28/2020 · Paid in Full · Loan `6538497207`
## Borrower
- **Name:** EXCAVATING MATERIALS & EQUIPMENT INC.
- **Address:** 849 ROUTE 539, NEW EGYPT, NJ, 08533-2004
- **NAICS:** 212399
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Jobs reported:** 25
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*