# PPP loan: RUGBY FARMERS ELEVATOR
> **$256K** approved 02/03/2021 · Paid in Full · Loan `2548988410`
## Borrower
- **Name:** RUGBY FARMERS ELEVATOR
- **Address:** 201 W Dewey St, Rugby, ND, 58368-1726
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $257K (100%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $256K
- **Jobs reported:** 19
## Lender
- **Originating:** Merchants Bank
- **Servicing:** Merchants Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*