# PPP loan: RAY RIIHILUOMA, INC.
> **$386K** approved 04/16/2020 · Paid in Full · Loan `3013817200`
## Borrower
- **Name:** RAY RIIHILUOMA, INC.
- **Address:** 1415 Highway 33 South, CLOQUET, MN, 55720
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Utilities:** $96K
- **Jobs reported:** 22
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*