# PPP loan: RSBS MANAGEMENT INC
> **$387K** approved 04/15/2020 · Paid in Full · Loan `2268787201`
## Borrower
- **Name:** RSBS MANAGEMENT INC
- **Address:** 1520 STATE AVE NW, OWATONNA, MN, 55060-5688
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Jobs reported:** 47
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*