PPP Loan information for Oak terrace assisted living of north mankato, llc

$551,400

Oak terrace assisted living of north mankato, llc was initially approved for PPP Loan of amount $551,400, the current approved amount is $551,400. The loan was approved on 04/03/2020 by The ProGrowth Bank reported 68 jobs and $551,400 was used to fund payroll.

Oak terrace assisted living of north mankato, llc is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / Oak terrace assisted living of north mankato, llc

OAK TERRACE ASSISTED LIVING OF NORTH MANKATO, LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OAK TERRACE ASSISTED LIVING OF NORTH MANKATO, LLC

Borrower Address

1575 Hoover Drive

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56003-2630

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

551400.00

Current Approval Amount

551400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38693

Servicing Lender Name

ProGrowth Bank

Servicing Lender Address

703 3rd St

Servicing Lender City

NICOLLET

Servicing Lender State

MN

Servicing Lender Zip

56074-6074

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANKATO

Project County Name

NICOLLET

Project State

MN

Project Zip

56003-2630

CD

MN-01

Jobs Reported

68

NAICS Code

623311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

441100.00

Mortgage Interest Proceed

30300.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

60000.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

38693

Originating Lender

ProGrowth Bank

Originating Lender City

NICOLLET

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

545164.02

Forgiveness Date

03/31/2021

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