Luther Memorial Home

$456,900 PPP Loan in Madelia, Minnesota

Loan Details

Loan Number
2569378305
Date Approved
Jan 21, 2021
Loan Status
Paid in Full
Initial Approval
$456,900
Current Approval
$456,900
Forgiveness Amount
$461,571
Forgiveness Date
Feb 2, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Luther Memorial Home
Address
503 Benzel Ave SW
ZIP Code
56062-1603
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$456,894
Utilities
$1

Lender Information

Servicing Lender
Pioneer Bank
Originating Lender
Pioneer Bank

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