# PPP loan: BOUGALIS INC.
> **$295K** approved 04/03/2020 · Paid in Full · Loan `4378127006`
## Borrower
- **Name:** BOUGALIS INC.
- **Address:** 800 GREYHOUND BLVD, HIBBING, MN, 55746-1450
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $375K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Mortgage interest:** $19K
- **Utilities:** $40K
- **Jobs reported:** 16
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*