# PPP loan: RASM INC
> **$195K** approved 01/22/2021 · Paid in Full · Loan `4042948302`
## Borrower
- **Name:** RASM INC
- **Address:** 5870 Oxford St N, Shoreview, MN, 55126-8411
- **NAICS:** 448130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $180K (92%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $195K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** BankCherokee
- **Servicing:** BankCherokee (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*