# PPP loan: RICHARDS TRANSPORTATION SERVICE, INC. - KRAGNES
> **$292K** approved 04/13/2020 · Paid in Full · Loan `4633737108`
## Borrower
- **Name:** RICHARDS TRANSPORTATION SERVICE, INC. - KRAGNES
- **Address:** 2139 100TH AVE N, MOORHEAD, MN, 56560-7242
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Rent:** $30K
- **Utilities:** $12K
- **Jobs reported:** 55
## Lender
- **Originating:** First International Bank & Trust
- **Servicing:** First International Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*