Algona Manor Care Center, Inc.

$379,400 PPP Loan in Algona, Iowa

Loan Details

Loan Number
8001307010
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$379,400
Current Approval
$379,400
Forgiveness Amount
$381,529
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Algona Manor Care Center, Inc.
Address
2221 East Mcgregor Street
City
Algona
State
Iowa
ZIP Code
50511-3006
Business Type
Subchapter S Corporation
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$7.5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$315,798
Rent
$372
Utilities
$63,230

Lender Information

Servicing Lender
Iowa State Bank
Originating Lender
Iowa State Bank

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