# PPP loan: GOWAN CONSTRUCTION INC.
> **$2.00M** approved 03/27/2021 · Paid in Full · Loan `1787108701`
## Borrower
- **Name:** GOWAN CONSTRUCTION INC.
- **Address:** 3596 15th St NE, Oslo, MN, 56744-9108
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 119
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*