# PPP loan: DIVERSACARE, LLC
> **$245K** approved 04/06/2020 · Paid in Full · Loan `5928327007`
## Borrower
- **Name:** DIVERSACARE, LLC
- **Address:** 5925 Dry Creek Lane NE, CEDAR RAPIDS, IA, 52402-1257
- **NAICS:** 623990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 14
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*