Rajala Timber Company
$291,965 PPP Loan in Deer River, Minnesota
Loan Details
- Loan Number
- 6708557009
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $291,965
- Current Approval
- $291,965
- Forgiveness Amount
- $295,331
- Forgiveness Date
- Jun 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rajala Timber Company
- Address
- 31784 Great Lakes Rd
- City
- Deer River
- State
- Minnesota
- ZIP Code
- 56636-2819
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (321113)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 37
- Estimated Revenue
- $36.7M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $291,965
Lender Information
- Servicing Lender
- Grand Rapids State Bank
- Originating Lender
- Grand Rapids State Bank
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