PPP Loan information for Salem mennonite home for the aged

$235,500

Salem mennonite home for the aged was initially approved for PPP Loan of amount $235,500, the current approved amount is $235,500. The loan was approved on 04/08/2020 by The Merchants State Bank reported 43 jobs and $235,500 was used to fund payroll.

Salem mennonite home for the aged is Existing or more than 2 years old

PPP Loan Search / SD / FREEMAN / Salem mennonite home for the aged

SALEM MENNONITE HOME FOR THE AGED

Date Approved

04/08/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

SALEM MENNONITE HOME FOR THE AGED

Borrower Address

106 W 7th Street

Borrower City

FREEMAN

Borrower State

SD

Borrower Zip

57029-2319

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

235500.00

Current Approval Amount

235500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66522

Servicing Lender Name

Merchants State Bank

Servicing Lender Address

305 S Main St

Servicing Lender City

FREEMAN

Servicing Lender State

SD

Servicing Lender Zip

57029

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEMAN

Project County Name

HUTCHINSON

Project State

SD

Project Zip

57029-2319

CD

SD-

Jobs Reported

43

NAICS Code

623312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

235500.00

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

66522

Originating Lender

Merchants State Bank

Originating Lender City

FREEMAN

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

236579.72

Forgiveness Date

12/08/2020

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