PPP Loan information for Iron county medical care facility

Date Approved

08/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IRON COUNTY MEDICAL CARE FACILITY

Borrower Address

1523 Highway U S 2

Borrower City

Crystal Falls

Borrower State

MI

Borrower Zip

49920

Loan Status Date

03/24/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2883133.00

Current Approval Amount

2883133.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36183

Servicing Lender Name

Northern Interstate Bank, National Association

Servicing Lender Address

501 W US Hwy 2

Servicing Lender City

NORWAY

Servicing Lender State

MI

Servicing Lender Zip

49870-1127

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Crystal Falls

Project County Name

IRON

Project State

MI

Project Zip

49920-0001

CD

MI-01

Jobs Reported

318

NAICS Code

623110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2613153.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

269980.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

36183

Originating Lender

Northern Interstate Bank, National Association

Originating Lender City

NORWAY

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

2910682.94

Forgiveness Date

07/22/2021