Date Approved
04/06/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
CORNERSTONE NURSING & REHAB
Borrower Address
416 7TH ST NE
Borrower City
BAGLEY
Borrower State
MN
Borrower Zip
56621-8108
Loan Status Date
02/06/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
520100.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36647
Servicing Lender Name
Security Bank USA
Servicing Lender Address
1025 Paul Bunyan Dr NW
Servicing Lender City
BEMIDJI
Servicing Lender State
Servicing Lender Zip
56601
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
CLEARWATER
Project State
Project Zip
CD
MN-07
Jobs Reported
54
NAICS Code
623312
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
15900.00
Payroll Proceed
407000.00
Mortgage Interest Proceed
31000.00
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
66200.00
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
524061.31
Forgiveness Date
01/20/2021