# PPP loan: THE LUTHERAN HOME ASSOCIATION
> **$2.82M** approved 04/28/2020 · Paid in Full · Loan `1307227305`
## Borrower
- **Name:** THE LUTHERAN HOME ASSOCIATION
- **Address:** 337 S Meridian Street, BELLE PLAINE, MN, 56011
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.82M
- **Initial approval:** $2.82M
- **Forgiven:** $2.87M (102%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.11M
- **Mortgage interest:** $422K
- **Utilities:** $282K
- **Jobs reported:** 297
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*