PPP Loan information for Lutheran home for the aged association -west

$715,400

Lutheran home for the aged association -west was initially approved for PPP Loan of amount $715,400, the current approved amount is $715,400. The loan was approved on 04/03/2020 by The Raccoon Valley Bank reported 200 jobs and $715,400 was used to fund payroll.

Lutheran home for the aged association -west is Existing or more than 2 years old

PPP Loan Search / IA / PERRY / Lutheran home for the aged association -west

LUTHERAN HOME FOR THE AGED ASSOCIATION -WEST

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

LUTHERAN HOME FOR THE AGED ASSOCIATION -WEST

Borrower Address

2323 WILLIS AVENUE

Borrower City

PERRY

Borrower State

IA

Borrower Zip

50220-2148

Loan Status Date

06/23/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

715400.00

Current Approval Amount

715400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25374

Servicing Lender Name

Raccoon Valley Bank

Servicing Lender Address

1202 2nd St

Servicing Lender City

PERRY

Servicing Lender State

IA

Servicing Lender Zip

50220-1506

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PERRY

Project County Name

DALLAS

Project State

IA

Project Zip

50220-2148

CD

IA-03

Jobs Reported

200

NAICS Code

623110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

715400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

25374

Originating Lender

Raccoon Valley Bank

Originating Lender City

PERRY

Originating Lender State

IA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

723070.68

Forgiveness Date

05/05/2021

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