PPP Loan information for Oak terrace senior housing of jordan, llc

$401,700

Oak terrace senior housing of jordan, llc was initially approved for PPP Loan of amount $401,700, the current approved amount is $401,700. The loan was approved on 04/03/2020 by The ProGrowth Bank reported 45 jobs and $401,700 was used to fund payroll.

Oak terrace senior housing of jordan, llc is Existing or more than 2 years old

PPP Loan Search / MN / JORDAN / Oak terrace senior housing of jordan, llc

OAK TERRACE SENIOR HOUSING OF JORDAN, LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OAK TERRACE SENIOR HOUSING OF JORDAN, LLC

Borrower Address

622 Aberdeen Avenue

Borrower City

JORDAN

Borrower State

MN

Borrower Zip

55352-1630

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

401700.00

Current Approval Amount

401700.00

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

JORDAN

Project County Name

SCOTT

Project State

MN

Project Zip

55352-1630

CD

MN-02

Jobs Reported

45

NAICS Code

623110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

321400.00

Mortgage Interest Proceed

20000.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10300.00

Debt Interest Proceed

10000

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

405616.57

Forgiveness Date

03/31/2021

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