# PPP loan: LUTHERAN HOME FOR AGED DEVELOPMENT CORPORATION
> **$1.16M** approved 04/08/2020 · Paid in Full · Loan `8633917003`
## Borrower
- **Name:** LUTHERAN HOME FOR AGED DEVELOPMENT CORPORATION
- **Address:** 403 N 4th Street, DANFORTH, IL, 60930-5800
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 195
## Lender
- **Originating:** Midwest Bank
- **Servicing:** First Trust Bank of Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*