# PPP loan: LUTHERAN RETIREMENT HOME, INC.
> **$502K** approved 04/07/2020 · Paid in Full · Loan `6917317003`
## Borrower
- **Name:** LUTHERAN RETIREMENT HOME, INC.
- **Address:** 701 9TH ST N, NORTHWOOD, IA, 50459-1093
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $426K
- **Health care:** $76K
- **Jobs reported:** 78
## Lender
- **Originating:** NSB Bank
- **Servicing:** NSB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*