# PPP loan: ITASCA UTILITIES, INC.
> **$180K** approved 04/14/2020 · Paid in Full · Loan `6942367107`
## Borrower
- **Name:** ITASCA UTILITIES, INC.
- **Address:** 4258 River Road PO BOX 39, GRAND RAPIDS, MN, 55744-7363
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 20
## Lender
- **Originating:** Woodland Bank
- **Servicing:** Woodland Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*