# PPP loan: GRAND ELY LODGE LLC
> **$491K** approved 02/13/2021 · Paid in Full · Loan `8585838407`
## Borrower
- **Name:** GRAND ELY LODGE LLC
- **Address:** 400 N Pioneer Rd, Ely, MN, 55731-1057
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $491K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** RiverWood Bank
- **Servicing:** RiverWood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*