# PPP loan: GAUGHAN ENTERPRISES INC.
> **$730K** approved 04/13/2020 · Paid in Full · Loan `4353087109`
## Borrower
- **Name:** GAUGHAN ENTERPRISES INC.
- **Address:** 56 E Broadway ste 200, FOREST LAKE, MN, 55025
- **NAICS:** 531312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $730K
- **Initial approval:** $730K
- **Forgiven:** $744K (102%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $547K
- **Rent:** $46K
- **Mortgage interest:** $46K
- **Utilities:** $46K
- **Health care:** $46K
- **Jobs reported:** 138
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*