PPP Loan information for Cedar falls lutheran home

$2,031,700

Cedar falls lutheran home was initially approved for PPP Loan of amount $2,031,700, the current approved amount is $2,031,700. The loan was approved on 04/09/2020 by The MidWestOne Bank reported 390 jobs and $2,031,700 was used to fund payroll.

Cedar falls lutheran home is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR FALLS / Cedar falls lutheran home

CEDAR FALLS LUTHERAN HOME

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

CEDAR FALLS LUTHERAN HOME

Borrower Address

7511 UNIVERSITY AVENUE

Borrower City

CEDAR FALLS

Borrower State

IA

Borrower Zip

50613-5027

Loan Status Date

09/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2031700.00

Current Approval Amount

2031700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR FALLS

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50613-5027

CD

IA-02

Jobs Reported

390

NAICS Code

623311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

126981.25

Payroll Proceed

1523775.00

Mortgage Interest Proceed

126981.25

Rent Proceed

126981.25

Refinance EIDL Proceed

0.00

Health Care Proceed

126981.25

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2058112.10

Forgiveness Date

07/30/2021

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