# PPP loan: GOWAN CONSTRUCTION INC.
> **$2.52M** approved 04/08/2020 · Exemption 4 · Loan `8330427001`
## Borrower
- **Name:** GOWAN CONSTRUCTION INC.
- **Address:** P.O. Box 228, OSLO, MN, 56744
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.52M
- **Initial approval:** $2.52M
- **Forgiven:** $2.10M (83%)
- **Forgiveness date:** 11/30/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.89M
- **Rent:** $315K
- **Utilities:** $315K
- **Jobs reported:** 119
## 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*