Community Memorial Hospital INC

$638,000 PPP Loan in Spring Valley, Minnesota

Loan Details

Loan Number: 9612697004
Date Approved: Apr 9, 2020
Loan Status: Paid in Full
Initial Approval: $638,000
Current Approval: $638,000
Forgiveness Amount: $643,281
Forgiveness Date: Feb 10, 2021
Term: 24 months
Draw: First Draw

Business Information

Business Name: Community Memorial Hospital INC
Address: 800 Memorial Dr
City: Spring Valley
State: Minnesota
ZIP Code: 55975-1024
Business Type: Non-Profit Organization
Industry (NAICS): Health Care and Social Assistance (623110)
Business Age: Existing or more than 2 years old
Jobs Reported: 88
Estimated Revenue: N/A (non-profit)
Non-Profit: Yes
Rural/Urban: Rural
Congressional District: MN-01

Loan Use Breakdown

Payroll: $580,000
Utilities: $30,000
Mortgage Interest: $28,000

Lender Information

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

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