APPLEWOOD NURSING CENTER INC (MI) - 2020 PPP Loan Borrower Profile (# 7318848607)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLEWOOD NURSING CENTER INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

7318848607

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$1,164,480

Date Loan was Approved

Mar 23, 2021

Amount Forgiven

$1,187,737.7

Date Loan was Forgiven

Mar 29, 2023

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,164,480

Lender

CIBC Bank USA

Business Detail

Business Type

Corporation

NAICS

623110

Borrower Location

Woodhaven, MI

Project Location

Woodhaven, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

152

Business Age Description

Existing or more than 2 years old

Data Source: SBA.