# PPP loan: RANGE DEVELOMENT CO OF CHISHOLM, INC
> **$606K** approved 04/03/2020 · Paid in Full · Loan `4579127002`
## Borrower
- **Name:** RANGE DEVELOMENT CO OF CHISHOLM, INC
- **Address:** 2229 3rd Ave E, HIBBING, MN, 55746-1511
- **NAICS:** 623312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $622K
- **Forgiven:** $611K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $455K
- **Mortgage interest:** $100K
- **Utilities:** $52K
- **Jobs reported:** 90
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*