# PPP loan: CHAMPAGNE & MARX EXCAVATING INC.
> **$1.14M** approved 01/28/2021 · Paid in Full · Loan `7916228304`
## Borrower
- **Name:** CHAMPAGNE & MARX EXCAVATING INC.
- **Address:** 1445 Liberty Rd, Saginaw, MI, 48604-9720
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*