# PPP loan: TERRACES AT BROOKMEADE
> **$176K** approved 04/28/2020 · Paid in Full · Loan `1384447305`
## Borrower
- **Name:** TERRACES AT BROOKMEADE
- **Address:** 54 Brookmeade Drive, Rhinebeck, NY, 12572
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $107K
- **Rent:** $41K
- **Utilities:** $10K
- **Health care:** $18K
- **Jobs reported:** 38
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*