# PPP loan: GUSTAFSON EXCAVATING, INC.
> **$441K** approved 04/15/2020 · Paid in Full · Loan `9825457104`
## Borrower
- **Name:** GUSTAFSON EXCAVATING, INC.
- **Address:** 6610 410TH ST, PO BOX 788, NORTH BRANCH, MN, 55056-6011
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $441K
- **Initial approval:** $441K
- **Forgiven:** $445K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $44K
- **Jobs reported:** 47
## Lender
- **Originating:** Neighborhood National Bank
- **Servicing:** Neighborhood National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*