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Gowan Construction Inc.

$2,517,000 PPP Loan in Oslo, Minnesota

Loan Details

Loan Number
8330427001
Date Approved
Apr 8, 2020
Loan Status
Exemption 4
Initial Approval
$2,517,000
Current Approval
$2,517,000
Forgiveness Amount
$2,097,989
Forgiveness Date
Nov 30, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Gowan Construction Inc.
Address
P.o. Box 228
City
Oslo
State
Minnesota
ZIP Code
56744
Business Type
Corporation
Industry (NAICS)
Construction (237310)
Business Age
Existing or more than 2 years old
Jobs Reported
119
Estimated Revenue
$36.9M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$1,887,800
Rent
$314,600
Utilities
$314,600

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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