BETHEL LUTHERAN HOME (SD) - 2020 PPP Loan Borrower Profile (# 8077097004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BETHEL LUTHERAN HOME. 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 South Dakota.

Loan Detail

Loan Number

8077097004

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$709,400

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$713,400.23

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

709,400

Lender

First Bank & Trust

Business Detail

Business Type

Non-Profit Organization

NAICS

623110

Borrower Location

MADISON, SD

Project Location

MADISON, SD

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

125

Business Age Description

Existing or more than 2 years old

Data Source: SBA.