# PPP loan: RUACH RESOURCES LLC
> **$490K** approved 01/25/2021 · Paid in Full · Loan `5297978307`
## Borrower
- **Name:** RUACH RESOURCES LLC
- **Address:** 1027 S Welo St, Tioga, ND, 58852-7310
- **NAICS:** 212321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Gate City Bank
- **Servicing:** Gate City Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*