# PPP loan: SAEXPLORATION INC
> **$6.80M** approved 04/28/2020 · Exemption 4 · Loan `9412467207`
## Borrower
- **Name:** SAEXPLORATION INC
- **Address:** 1160 DAIRY ASHFORD ROAD SUITE 160, HOUSTON, TX, 77079-3097
- **NAICS:** 541360
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.80M
- **Initial approval:** $6.80M
- **Forgiven:** $3.39M (50%)
- **Forgiveness date:** 03/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $6.80M
- **Jobs reported:** 396
## Lender
- **Originating:** Texas Champion Bank
- **Servicing:** Texas Champion Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*