# PPP loan: MOTHER OF MERCY
> **$1.13M** approved 04/09/2020 · Paid in Full · Loan `9333737000`
## Borrower
- **Name:** MOTHER OF MERCY
- **Address:** 230 CHURCH AVENUE, ALBANY, MN, 56307-9489
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $876K
- **Mortgage interest:** $200K
- **Utilities:** $50K
- **Jobs reported:** 194
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*