Oak Terrace Assisted Living of North Mankato, LLC
$551,400 PPP Loan in Mankato, Minnesota
Loan Details
- Loan Number
- 4556607001
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $551,400
- Current Approval
- $551,400
- Forgiveness Amount
- $545,164
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Oak Terrace Assisted Living of North Mankato, LLC
- Address
- 1575 Hoover Drive
- City
- Mankato
- State
- Minnesota
- ZIP Code
- 56003-2630
- Business Type
- Partnership
- Industry (NAICS)
- Health Care and Social Assistance (623311)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 68
- Estimated Revenue
- $11.6M
- Rural/Urban
- Urban
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $441,100
- Utilities
- $20,000
- Health Care
- $60,000
- Mortgage Interest
- $30,300
Lender Information
- Servicing Lender
- Progrowth Bank
- Originating Lender
- Progrowth Bank
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