# PPP loan: RITESOFT, LLC
> **$206K** approved 04/09/2020 · Paid in Full · Loan `9216767010`
## Borrower
- **Name:** RITESOFT, LLC
- **Address:** 3717 23rd Street South Suite 102, SAINT CLOUD, MN, 56301-5094
- **NAICS:** 511210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $15K
- **Utilities:** $1K
- **Health care:** $10K
- **Debt interest:** $5K
- **Jobs reported:** 12
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*