# PPP loan: APPLEWOOD NURSING CENTER INC
> **$1.16M** approved 03/23/2021 · Paid in Full · Loan `7318848607`
## Borrower
- **Name:** APPLEWOOD NURSING CENTER INC
- **Address:** 18500 Van Horn Rd, Woodhaven, MI, 48183-3803
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.19M (102%)
- **Forgiveness date:** 03/29/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 152
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*