Fair Oaks Nursing and Rehab LLC

$454,900 PPP Loan in Wadena, Minnesota

Loan Details

Loan Number
7970157203
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$454,900
Current Approval
$454,900
Forgiveness Amount
$461,635
Forgiveness Date
Oct 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fair Oaks Nursing and Rehab LLC
Address
201 Shady Lane Dr
City
Wadena
ZIP Code
56482-3093
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
94
Estimated Revenue
$16.0M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$341,175
Utilities
$45,490
Mortgage Interest
$68,235

Lender Information

Servicing Lender
Lake Forest Bank & Trust Company, National Association
Originating Lender
Lake Forest Bank & Trust Company, National Association

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