# PPP loan: RAJALA TIMBER COMPANY
> **$292K** approved 04/07/2020 · Paid in Full · Loan `6708557009`
## Borrower
- **Name:** RAJALA TIMBER COMPANY
- **Address:** 31784 GREAT LAKES RD, DEER RIVER, MN, 56636-2819
- **NAICS:** 321113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Jobs reported:** 37
## Lender
- **Originating:** Grand Rapids State Bank
- **Servicing:** Grand Rapids State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*