# PPP loan: RED OAK GREENHOUSES, INC.
> **$968K** approved 04/03/2020 · Paid in Full · Loan `4397137004`
## Borrower
- **Name:** RED OAK GREENHOUSES, INC.
- **Address:** 401 W Coolbaugh, RED OAK, IA, 51566-6107
- **NAICS:** 111421
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $968K
- **Initial approval:** $968K
- **Forgiven:** $976K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $774K
- **Rent:** $60K
- **Utilities:** $55K
- **Health care:** $78K
- **Jobs reported:** 165
## Lender
- **Originating:** Houghton State Bank
- **Servicing:** Houghton State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*