# PPP loan: RED LAKE COUNTY COOPERATIVE, INC.
> **$459K** approved 04/08/2020 · Paid in Full · Loan `8005757002`
## Borrower
- **Name:** RED LAKE COUNTY COOPERATIVE, INC.
- **Address:** 701 Highway 59 S., BROOKS, MN, 56715-1522
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $462K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Utilities:** $115K
- **Jobs reported:** 78
## Lender
- **Originating:** Northern State Bank of Thief River Falls
- **Servicing:** Northern State Bank of Thief River Falls (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*