# PPP loan: ALGAVAN INC
> **$382K** approved 02/14/2021 · Exemption 4 · Loan `9087598409`
## Borrower
- **Name:** ALGAVAN INC
- **Address:** 41 Bisbee Ct Unit B4, Santa Fe, NM, 87508-1450
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $382K
- **Initial approval:** $382K
- **Forgiven:** $295K (77%)
- **Forgiveness date:** 06/02/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $382K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Enterprise Bank & Trust
- **Servicing:** Enterprise Bank & Trust (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*