# PPP loan: GEORGE BOUGALIS AND SONS CO.
> **$1.58M** approved 01/23/2021 · Paid in Full · Loan `4741218305`
## Borrower
- **Name:** GEORGE BOUGALIS AND SONS CO.
- **Address:** 3402 15th Ave E, Hibbing, MN, 55746-5116
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.58M
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Security State Bank of Hibbing
- **Servicing:** Security State Bank of Hibbing (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*