# PPP loan: MORROW MEMORIAL HOME FOR THE AGED
> **$975K** approved 04/06/2020 · Paid in Full · Loan `6156677000`
## Borrower
- **Name:** MORROW MEMORIAL HOME FOR THE AGED
- **Address:** 331 S. Water Street, SPARTA, WI, 54656-1726
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $975K
- **Initial approval:** $975K
- **Forgiven:** $980K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $915K
- **Mortgage interest:** $40K
- **Utilities:** $20K
- **Jobs reported:** 200
## Lender
- **Originating:** River Bank
- **Servicing:** River Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*