# PPP loan: CENTRAL BOILER INC
> **$2.18M** approved 04/12/2020 · Paid in Full · Loan `3807817104`
## Borrower
- **Name:** CENTRAL BOILER INC
- **Address:** 20502 160th Street, GREENBUSH, MN, 56726-9251
- **NAICS:** 811490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.18M
- **Initial approval:** $2.18M
- **Forgiven:** $2.19M (100%)
- **Forgiveness date:** 01/24/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.64M
- **Utilities:** $546K
- **Jobs reported:** 160
## 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*