# PPP loan: LUTHERAN HOME - HICKORY INC.
> **$1.62M** approved 05/21/2021 · Paid in Full · Loan `5175399003`
## Borrower
- **Name:** LUTHERAN HOME - HICKORY INC.
- **Address:** 1265 21st St NE, Hickory, NC, 28601-2971
- **NAICS:** 623110
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 04/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.62M
- **Utilities:** $1
- **Jobs reported:** 255
## Lender
- **Originating:** Mechanics & Farmers Bank
- **Servicing:** Mechanics & Farmers Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*