# PPP loan: RAMSEY EXCAVATING COMPANY
> **$2.44M** approved 04/07/2020 · Paid in Full · Loan `6924847007`
## Borrower
- **Name:** RAMSEY EXCAVATING COMPANY
- **Address:** 8297 BROOKLYN BLVD, MINNEAPOLIS, MN, 55445-2301
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.44M
- **Initial approval:** $2.44M
- **Forgiven:** $2.47M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.94M
- **Rent:** $60K
- **Utilities:** $5K
- **Health care:** $132K
- **Debt interest:** $300K
- **Jobs reported:** 101
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*