# PPP loan: RUTTGER'S BAY LAKE LODGE, INC.
> **$550K** approved 04/10/2020 · Paid in Full · Loan `1552027101`
## Borrower
- **Name:** RUTTGER'S BAY LAKE LODGE, INC.
- **Address:** 25039 Tame Fish Lake Road, DEERWOOD, MN, 56444-8544
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Mortgage interest:** $28K
- **Utilities:** $46K
- **Health care:** $15K
- **Jobs reported:** 126
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*