Cedar Falls Lutheran Home
$2,031,700 PPP Loan in Cedar Falls, Iowa
Loan Details
- Loan Number
- 9888437008
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,031,700
- Current Approval
- $2,031,700
- Forgiveness Amount
- $2,058,112
- Forgiveness Date
- Jul 30, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Cedar Falls Lutheran Home
- Address
- 7511 University Avenue
- City
- Cedar Falls
- State
- Iowa
- ZIP Code
- 50613-5027
- Business Type
- Non-Profit Organization
- Industry (NAICS)
- Health Care and Social Assistance (623311)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 390
- Estimated Revenue
- N/A (non-profit)
- Non-Profit
- Yes
- Rural/Urban
- Urban
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $1,523,775
- Rent
- $126,981
- Utilities
- $126,981
- Health Care
- $126,981
- Mortgage Interest
- $126,981
Lender Information
- Servicing Lender
- Midwestone Bank
- Originating Lender
- Midwestone Bank
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|---|---|---|
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| Mudd Inc. | $1,851,000 | Research |
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| Distek Intergration, Inc, | $1,583,265 | Research |
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