Bala Nursing and Retirement Center LP

$1,497,592 PPP Loan in Potomac, Maryland

Loan Details

Loan Number
9561217108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,497,592
Current Approval
$1,497,592
Forgiveness Amount
$1,509,245
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bala Nursing and Retirement Center LP
Address
1137 Rouen Dr
ZIP Code
20854
Business Type
Partnership
Industry (NAICS)
Health Care and Social Assistance (623110)
Business Age
Existing or more than 2 years old
Jobs Reported
212
Estimated Revenue
$36.1M
Rural/Urban
Urban
Congressional District
MD-08

Loan Use Breakdown

Payroll
$1,373,014
Utilities
$55,608
Mortgage Interest
$68,970

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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