# PPP loan: GOPHER ELECTRONICS CO ESOP
> **$650K** approved 02/03/2021 · Paid in Full · Loan `2480108407`
## Borrower
- **Name:** GOPHER ELECTRONICS CO ESOP
- **Address:** 222 Little Canada Rd E, Saint Paul, MN, 55117-2375
- **NAICS:** 423690
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 10/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $650K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** Union Bank and Trust Company
- **Servicing:** Union Bank and Trust Company (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*