# PPP loan: CORNERSTONE CHURCH OF LITCHFIELD, MINNESOTA
> **$174K** approved 07/30/2020 · Paid in Full · Loan `1567938200`
## Borrower
- **Name:** CORNERSTONE CHURCH OF LITCHFIELD, MINNESOTA
- **Address:** 205 CSAH 34, LITCHFIELD, MN, 55355-5259
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $147K
- **Forgiven:** $174K (100%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $9K
- **Mortgage interest:** $8K
- **Utilities:** $3K
- **Jobs reported:** 18
## Lender
- **Originating:** Home State Bank
- **Servicing:** Home State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*