Mother of Mercy

$1,126,445 PPP Loan in Albany, Minnesota

Loan Details

Loan Number
9333737000
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,126,445
Current Approval
$1,126,444
Forgiveness Amount
$1,140,393
Forgiveness Date
Jul 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mother of Mercy
Address
230 Church Avenue
City
Albany
ZIP Code
56307-9489
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (623311)
Business Age
Existing or more than 2 years old
Jobs Reported
194
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$876,444
Utilities
$50,000
Mortgage Interest
$200,000

Lender Information

Servicing Lender
Stearns Bank National Association
Originating Lender
Stearns Bank National Association

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