# PPP loan: RESHETAR SYSTEMS INC
> **$1.19M** approved 04/06/2020 · Paid in Full · Loan `5882327000`
## Borrower
- **Name:** RESHETAR SYSTEMS INC
- **Address:** 730 BUNKER LAKE BLVD, ANOKA, MN, 55303-5014
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $895K
- **Rent:** $239K
- **Utilities:** $60K
- **Jobs reported:** 90
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*