# PPP loan: RICE COMPANIES, INC.
> **$970K** approved 04/03/2020 · Paid in Full · Loan `4515647006`
## Borrower
- **Name:** RICE COMPANIES, INC.
- **Address:** 1019 INDUSTRIAL DR, SAUK RAPIDS, MN, 56379-1241
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $970K
- **Initial approval:** $970K
- **Forgiven:** $977K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $939K
- **Health care:** $31K
- **Jobs reported:** 65
## Lender
- **Originating:** American Heritage National Bank
- **Servicing:** American Heritage National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*