# PPP loan: RED LAKE INC
> **$1.59M** approved 04/08/2020 · Exemption 4 · Loan `7919797005`
## Borrower
- **Name:** RED LAKE INC
- **Address:** 23884 HWY 1 W, REDLAKE, MN, 56671-0592
- **NAICS:** 551112
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Forgiven:** $1.38M (87%)
- **Forgiveness date:** 10/04/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.59M
- **Jobs reported:** 250
## Lender
- **Originating:** The First National Bank of Bemidji
- **Servicing:** The First National Bank of Bemidji (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*