Spring Grove Assisted Living LLC

$55,000 PPP Loan in Spring Grove, Minnesota

Loan Details

Loan Number
6476397107
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$55,000
Current Approval
$55,000
Forgiveness Amount
$55,423
Forgiveness Date
Jan 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spring Grove Assisted Living LLC
Address
130 5th Ave SE
ZIP Code
55974-1122
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
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$46,000
Utilities
$2,500
Mortgage Interest
$6,500

Lender Information

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

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