# PPP loan: LUTHERAN RETIREMENT CENTER - SALISBURY INC
> **$626K** approved 05/21/2021 · Paid in Full · Loan `5163099010`
## Borrower
- **Name:** LUTHERAN RETIREMENT CENTER - SALISBURY INC
- **Address:** 728 Klumac Rd, Salisbury, NC, 28144-5720
- **NAICS:** 623311
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $626K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 04/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $626K
- **Utilities:** $1
- **Jobs reported:** 112
## Lender
- **Originating:** Mechanics & Farmers Bank
- **Servicing:** Mechanics & Farmers Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*