# PPP loan: RED LAKE INC.
> **$1.22M** approved 03/20/2021 · Paid in Full · Loan `5582958605`
## Borrower
- **Name:** RED LAKE INC.
- **Address:** 23884 Highway 1 E, Redlake, MN, 56671
- **NAICS:** 551114
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 07/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 208
## Lender
- **Originating:** The First National Bank of Bemidji
- **Servicing:** The First National Bank of Bemidji (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*