# PPP loan: LONE TREE HEALTH CARE CENTER, INC
> **$318K** approved 04/08/2020 · Paid in Full · Loan `8510307008`
## Borrower
- **Name:** LONE TREE HEALTH CARE CENTER, INC
- **Address:** 501 E PIONEER RD, LONE TREE, IA, 52755-7721
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $18K
- **Jobs reported:** 47
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*