# PPP loan: ALCESTER CARE AND REHAB CENTER, INC
> **$340K** approved 04/13/2020 · Paid in Full · Loan `4662887106`
## Borrower
- **Name:** ALCESTER CARE AND REHAB CENTER, INC
- **Address:** 101 CHURCH ST, ALCESTER, SD, 57001-2134
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Jobs reported:** 58
## Lender
- **Originating:** First Dakota National Bank
- **Servicing:** First Dakota National Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*