# PPP loan: COMMUNITY MEMORIAL HOSPITAL INC
> **$638K** approved 04/09/2020 · Paid in Full · Loan `9612697004`
## Borrower
- **Name:** COMMUNITY MEMORIAL HOSPITAL INC
- **Address:** 800 MEMORIAL DR, SPRING VALLEY, MN, 55975-1024
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $638K
- **Initial approval:** $638K
- **Forgiven:** $643K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Mortgage interest:** $28K
- **Utilities:** $30K
- **Jobs reported:** 88
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*