PPP Loan information for Adams rural electric cooperative, inc.

$474,717

Adams rural electric cooperative, inc. was initially approved for PPP Loan of amount $474,717, the current approved amount is $474,717. The loan was approved on 04/14/2020 by The Loan Source Incorporated reported 24 jobs and $474,717 was used to fund payroll.

Adams rural electric cooperative, inc. is Existing or more than 2 years old

PPP Loan Search / OH / WEST UNION / Adams rural electric cooperative, inc.

ADAMS RURAL ELECTRIC COOPERATIVE, INC.

Date Approved

04/14/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

ADAMS RURAL ELECTRIC COOPERATIVE, INC.

Borrower Address

4800 STATE ROUTE 125

Borrower City

WEST UNION

Borrower State

OH

Borrower Zip

45693-9329

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

474717.00

Current Approval Amount

474717.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST UNION

Project County Name

ADAMS

Project State

OH

Project Zip

45693-0001

CD

OH-02

Jobs Reported

24

NAICS Code

221118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

94943.00

Payroll Proceed

379774.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

58648

Originating Lender

First State Bank

Originating Lender City

WINCHESTER

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

480374.59

Forgiveness Date

06/24/2021

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