# PPP loan: RANI ENGINEERING LLC
> **$629K** approved 04/07/2020 · Paid in Full · Loan `6880207000`
## Borrower
- **Name:** RANI ENGINEERING LLC
- **Address:** 2912 Anthony Ln Ste 100, MINNEAPOLIS, MN, 55418-3239
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $629K
- **Initial approval:** $629K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $574K
- **Rent:** $30K
- **Utilities:** $3K
- **Health care:** $22K
- **Jobs reported:** 37
## Lender
- **Originating:** Drake Bank
- **Servicing:** Drake Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*