PPP Loan information for Lutheran retirement home, inc.

$501,800

Lutheran retirement home, inc. was initially approved for PPP Loan of amount $501,800, the current approved amount is $501,800. The loan was approved on 04/07/2020 by The NSB Bank reported 78 jobs and $501,800 was used to fund payroll.

Lutheran retirement home, inc. is Existing or more than 2 years old

PPP Loan Search / IA / NORTHWOOD / Lutheran retirement home, inc.

LUTHERAN RETIREMENT HOME, INC.

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

LUTHERAN RETIREMENT HOME, INC.

Borrower Address

701 9TH ST N

Borrower City

NORTHWOOD

Borrower State

IA

Borrower Zip

50459-1093

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

501800.00

Current Approval Amount

501800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25313

Servicing Lender Name

NSB Bank

Servicing Lender Address

2650 4th St SW

Servicing Lender City

MASON CITY

Servicing Lender State

IA

Servicing Lender Zip

50401-4651

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTHWOOD

Project County Name

WORTH

Project State

IA

Project Zip

50459-1093

CD

IA-02

Jobs Reported

78

NAICS Code

623110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

425800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

76000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

25313

Originating Lender

NSB Bank

Originating Lender City

MASON CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

504685.35

Forgiveness Date

11/03/2020

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