# PPP loan: CEDAR FALLS LUTHERAN HOME
> **$2.03M** approved 04/09/2020 · Paid in Full · Loan `9888437008`
## Borrower
- **Name:** CEDAR FALLS LUTHERAN HOME
- **Address:** 7511 UNIVERSITY AVENUE, CEDAR FALLS, IA, 50613-5027
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.03M
- **Initial approval:** $2.03M
- **Forgiven:** $2.06M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Rent:** $127K
- **Mortgage interest:** $127K
- **Utilities:** $127K
- **Health care:** $127K
- **Jobs reported:** 390
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*