PPP Loan information for People's memorial hospital

$2,500,000

People's memorial hospital was initially approved for PPP Loan of amount $2,500,000, the current approved amount is $2,500,000. The loan was approved on 04/15/2020 by The BankIowa reported 317 jobs and $2,500,000 was used to fund payroll.

People's memorial hospital is Existing or more than 2 years old

PPP Loan Search / IA / INDEPENDENCE / People's memorial hospital

PEOPLE'S MEMORIAL HOSPITAL

Date Approved

04/15/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

PEOPLE'S MEMORIAL HOSPITAL

Borrower Address

1600 First Street East

Borrower City

INDEPENDENCE

Borrower State

IA

Borrower Zip

50644

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2500000.00

Current Approval Amount

2500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25325

Servicing Lender Name

BankIowa

Servicing Lender Address

7045 C Ave NE

Servicing Lender City

CEDAR RAPIDS

Servicing Lender State

IA

Servicing Lender Zip

52402-1378

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

INDEPENDENCE

Project County Name

BUCHANAN

Project State

IA

Project Zip

50644-0001

CD

IA-02

Jobs Reported

317

NAICS Code

622110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2500000.00

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

25325

Originating Lender

BankIowa

Originating Lender City

CEDAR RAPIDS

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2527569.44

Forgiveness Date

05/26/2021

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