Good Shepherd Lutheran Home

$808,500 PPP Loan in Rushford, Minnesota

Loan Details

Loan Number
1582387105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$808,500
Current Approval
$808,500
Forgiveness Amount
$813,553
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Good Shepherd Lutheran Home
Address
800 Home St Po Box 747
ZIP Code
55971-8836
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
132
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$687,225
Utilities
$121,275

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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