# PPP loan: ELDER CARE OF BEMIDJI, INC.
> **$1.09M** approved 04/06/2020 · Paid in Full · Loan `6422467000`
## Borrower
- **Name:** ELDER CARE OF BEMIDJI, INC.
- **Address:** 1633 Delton Ave NW, BEMIDJI, MN, 56601-2537
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 177
## Lender
- **Originating:** Ultima Bank Minnesota
- **Servicing:** Ultima Bank Minnesota (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*