PPP Loan information for Lutheran home - albemarle inc

$862,300

Lutheran home - albemarle inc was initially approved for PPP Loan of amount $862,300, the current approved amount is $862,300. The loan was approved on 05/20/2021 by The Mechanics & Farmers Bank reported 141 jobs and $862,300 was used to fund payroll.

Lutheran home - albemarle inc is Existing or more than 2 years old

PPP Loan Search / NC / Albemarle / Lutheran home - albemarle inc

LUTHERAN HOME - ALBEMARLE INC

Date Approved

05/20/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LUTHERAN HOME - ALBEMARLE INC

Borrower Address

24724 S Business 52

Borrower City

Albemarle

Borrower State

NC

Borrower Zip

28001-8179

Loan Status Date

05/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

862300.00

Current Approval Amount

862300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50708

Servicing Lender Name

Mechanics & Farmers Bank

Servicing Lender Address

2634 Durham-Chapel Hill Blvd

Servicing Lender City

DURHAM

Servicing Lender State

NC

Servicing Lender Zip

27707-2800

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Albemarle

Project County Name

STANLY

Project State

NC

Project Zip

28001-8179

CD

NC-08

Jobs Reported

141

NAICS Code

623110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

862297.00

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

501(c)3 – Non Profit

Originating Lender Location Id

50708

Originating Lender

Mechanics & Farmers Bank

Originating Lender City

DURHAM

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

870119.76

Forgiveness Date

04/21/2022

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