Red Lake County Cooperative, Inc.

$458,961 PPP Loan in Brooks, Minnesota

Loan Details

Loan Number
8005757002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$458,961
Current Approval
$458,961
Forgiveness Amount
$461,578
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Red Lake County Cooperative, Inc.
Address
701 Highway 59 S.
City
Brooks
ZIP Code
56715-1522
Business Type
Corporation
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$26.1M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$344,221
Utilities
$114,740

Lender Information

Servicing Lender
Northern State Bank of Thief River Falls
Originating Lender
Northern State Bank of Thief River Falls

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