# PPP loan: RESIDENTIAL SERVICES OF NE MN INC.
> **$2.50M** approved 04/08/2020 · Paid in Full · Loan `7681557002`
## Borrower
- **Name:** RESIDENTIAL SERVICES OF NE MN INC.
- **Address:** 2900 Piedmont Ave, DULUTH, MN, 55811-2915
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.53M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.43M
- **Rent:** $60K
- **Utilities:** $10K
- **Jobs reported:** 458
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*