# PPP loan: HOMESTEAD REHABILITATION & HEALTH CARE CENTER
> **$1.22M** approved 07/21/2020 · Paid in Full · Loan `6250508107`
## Borrower
- **Name:** HOMESTEAD REHABILITATION & HEALTH CARE CENTER
- **Address:** 129 MORRIS TPKE, NEWTON, NJ, 07860-4913
- **NAICS:** 623110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (102%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $790K
- **Rent:** $365K
- **Utilities:** $61K
- **Jobs reported:** 135
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*