# PPP loan: GUSTAFSON & GOUDGE INC.
> **$1.18M** approved 03/13/2021 · Paid in Full · Loan `1919638601`
## Borrower
- **Name:** GUSTAFSON & GOUDGE INC.
- **Address:** 46909 State 92, Clearbrook, MN, 56634-4367
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Utilities:** $1
- **Jobs reported:** 81
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*