# PPP loan: STURGIS HOSPITAL INC.
> **$1.67M** approved 04/08/2020 · Paid in Full · Loan `8168607008`
## Borrower
- **Name:** STURGIS HOSPITAL INC.
- **Address:** 916 MYRTLE AVE, STURGIS, MI, 49091-2391
- **NAICS:** 622110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Rent:** $20K
- **Utilities:** $10K
- **Health care:** $100K
- **Debt interest:** $20K
- **Jobs reported:** 171
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*