# PPP loan: RANCO FERTISERVICE, INC.
> **$1.02M** approved 04/03/2020 · Paid in Full · Loan `4529677005`
## Borrower
- **Name:** RANCO FERTISERVICE, INC.
- **Address:** 701 Hwy 71, SIOUX RAPIDS, IA, 50585-7705
- **NAICS:** 333111
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.01M (99%)
- **Forgiveness date:** 01/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $38K
- **Utilities:** $32K
- **Health care:** $78K
- **Debt interest:** $75K
- **Jobs reported:** 84
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*