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Gulbranson Excavating Co.

$812,535 PPP Loan in Eveleth, Minnesota

Loan Details

Loan Number
6426217101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$812,535
Current Approval
$727,364
Forgiveness Amount
$732,745
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gulbranson Excavating Co.
Address
4770 Differding Point Rd
City
Eveleth
State
Minnesota
ZIP Code
55734
Business Type
Corporation
Industry (NAICS)
Construction (238910)
Business Age
Existing or more than 2 years old
Jobs Reported
58
Estimated Revenue
$21.7M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$576,431
Utilities
$50,253
Mortgage Interest
$100,680

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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