# PPP loan: RITEWAY CONVEYORS, INC.
> **$310K** approved 04/08/2020 · Paid in Full · Loan `8756047002`
## Borrower
- **Name:** RITEWAY CONVEYORS, INC.
- **Address:** 2364 Highway 7, LESTER PRAIRIE, MN, 55354
- **NAICS:** 333922
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $310K
- **Jobs reported:** 31
## Lender
- **Originating:** Kensington Bank
- **Servicing:** Kensington Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*