PPP Loan information for Lutheran retirement center at lutheridge inc.

$276,000

Lutheran retirement center at lutheridge inc. was initially approved for PPP Loan of amount $276,000, the current approved amount is $276,000. The loan was approved on 05/20/2021 by The Mechanics & Farmers Bank reported 54 jobs and $276,000 was used to fund payroll.

Lutheran retirement center at lutheridge inc. is Existing or more than 2 years old

PPP Loan Search / NC / ARDEN / Lutheran retirement center at lutheridge inc.

LUTHERAN RETIREMENT CENTER AT LUTHERIDGE INC.

Date Approved

05/20/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LUTHERAN RETIREMENT CENTER AT LUTHERIDGE INC.

Borrower Address

2355 HENDERSONVILLE RD

Borrower City

ARDEN

Borrower State

NC

Borrower Zip

28704

Loan Status Date

05/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

276000.00

Current Approval Amount

276000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50708

Servicing Lender Name

Mechanics & Farmers Bank

Servicing Lender Address

2634 Durham-Chapel Hill Blvd

Servicing Lender City

DURHAM

Servicing Lender State

NC

Servicing Lender Zip

27707-2800

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ARDEN

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28704

CD

NC-11

Jobs Reported

54

NAICS Code

623311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

275997.00

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

501(c)3 – Non Profit

Originating Lender Location Id

50708

Originating Lender

Mechanics & Farmers Bank

Originating Lender City

DURHAM

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

278502.90

Forgiveness Date

04/21/2022

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