# PPP loan: LACONIA NURSING HOME INC
> **$1.40M** approved 04/29/2020 · Paid in Full · Loan `2778267307`
## Borrower
- **Name:** LACONIA NURSING HOME INC
- **Address:** 1050 EAST 230TH STREET, BRONX, NY, 10455
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 164
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*