# PPP loan: RIVERSIDE ASSISTED LIVING INC.
> **$160K** approved 04/07/2020 · Paid in Full · Loan `6869737005`
## Borrower
- **Name:** RIVERSIDE ASSISTED LIVING INC.
- **Address:** 812 E CENTRE ST PO Box 319, ROYALTON, MN, 56373-9166
- **NAICS:** 623312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Mortgage interest:** $18K
- **Utilities:** $13K
- **Health care:** $3K
- **Jobs reported:** 21
## Lender
- **Originating:** Unity Bank
- **Servicing:** Unity Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*