# PPP loan: MCDOWALL COMPANY
> **$2.00M** approved 04/07/2020 · Paid in Full · Loan `6990957003`
## Borrower
- **Name:** MCDOWALL COMPANY
- **Address:** 1431 Prosper Dr., WAITE PARK, MN, 56387-1891
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.67M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Rent:** $267K
- **Utilities:** $167K
- **Jobs reported:** 144
## Lender
- **Originating:** Sentry Bank
- **Servicing:** Sentry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*