Oak Terrace Senior Housing of Lesueur, LLC

$260,700 PPP Loan in Le Sueur, Minnesota

Loan Details

Loan Number
4556827008
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$260,700
Current Approval
$260,700
Forgiveness Amount
$262,959
Forgiveness Date
Feb 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Oak Terrace Senior Housing of Lesueur, LLC
Address
811 South 4th Street
ZIP Code
56058-2302
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Health Care and Social Assistance (623311)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$5.6M
Rural/Urban
Rural
Congressional District
MN-02

Loan Use Breakdown

Payroll
$208,500
Utilities
$15,000
Health Care
$17,200
Mortgage Interest
$20,000

Lender Information

Servicing Lender
Progrowth Bank
Originating Lender
Progrowth Bank

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