# PPP loan: NEW FLORENCE NURSING HOME INC
> **$538K** approved 04/15/2020 · Paid in Full · Loan `9272937105`
## Borrower
- **Name:** NEW FLORENCE NURSING HOME INC
- **Address:** 515 PICNIC STREET, NEW FLORENCE, MO, 63363
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $507K
- **Utilities:** $25K
- **Debt interest:** $6K
- **Jobs reported:** 87
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*