# PPP loan: RUGBY FARMERS ELEVATOR
> **$333K** approved 04/07/2020 · Paid in Full · Loan `6803397007`
## Borrower
- **Name:** RUGBY FARMERS ELEVATOR
- **Address:** 201 Dewey St. SE, RUGBY, ND, 58368-0286
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Utilities:** $67K
- **Jobs reported:** 18
## Lender
- **Originating:** Merchants Bank
- **Servicing:** Merchants Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*