# PPP loan: ARNT CONSTRUCTION CO. INC.
> **$1.67M** approved 01/29/2021 · Paid in Full · Loan `8464078310`
## Borrower
- **Name:** ARNT CONSTRUCTION CO. INC.
- **Address:** 2190 Phelps Rd, Hugo, MN, 55038-8803
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.67M
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*