# PPP loan: RICE LAKE WEIGHING SYSTEMS, INC
> **$8.40M** approved 04/03/2020 · Paid in Full · Loan `4472357001`
## Borrower
- **Name:** RICE LAKE WEIGHING SYSTEMS, INC
- **Address:** 230 W Coleman Street, RICE LAKE, WI, 54868-2404
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.40M
- **Initial approval:** $8.40M
- **Forgiven:** $8.50M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.73M
- **Rent:** $9K
- **Utilities:** $593K
- **Health care:** $893K
- **Debt interest:** $172K
- **Jobs reported:** 500
## Lender
- **Originating:** Citizens Community Federal National Association
- **Servicing:** Citizens Community Federal National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*