# PPP loan: RALCO NUTRITION, INC.
> **$2.70M** approved 04/05/2020 · Exemption 4 · Loan `5421237005`
## Borrower
- **Name:** RALCO NUTRITION, INC.
- **Address:** 1600 HAHN ROAD PO BOX 1083, MARSHALL, MN, 56258-0883
- **NAICS:** 311119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.70M
- **Initial approval:** $2.70M
- **Forgiven:** $2.63M (98%)
- **Forgiveness date:** 06/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.70M
- **Jobs reported:** 145
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*