Kingsway Arms Nursing Center, Inc.

$2,284,200 PPP Loan in Schenectady, New York

Loan Details

Loan Number
4319607106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$2,284,200
Current Approval
$2,284,200
Forgiveness Amount
$2,309,232
Forgiveness Date
May 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kingsway Arms Nursing Center, Inc.
Address
323 Kings Road
ZIP Code
12304-3645
Business Type
Subchapter S Corporation
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
227
Estimated Revenue
$38.6M
Rural/Urban
Urban
Congressional District
NY-20

Loan Use Breakdown

Payroll
$2,157,200
Utilities
$12,000
Health Care
$67,000
Mortgage Interest
$48,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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