PPP Loan information for Albemarle electric membership corporation

Date Approved

04/28/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

125 COOPERATIVE WAY

Borrower City

HERTFORD

Borrower State

NC

Borrower Zip

27944-9825

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

732037.00

Current Approval Amount

732037.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60275

Servicing Lender Name

First National Bank of Pennsylvania

Servicing Lender Address

166 Main St

Servicing Lender City

GREENVILLE

Servicing Lender State

PA

Servicing Lender Zip

16125-2146

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HERTFORD

Project County Name

PERQUIMANS

Project State

NC

Project Zip

27944-9825

CD

NC-01

Jobs Reported

36

NAICS Code

221118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

732037.00

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

Non-Profit Organization

Originating Lender Location Id

60275

Originating Lender

First National Bank of Pennsylvania

Originating Lender City

GREENVILLE

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

738401.66

Forgiveness Date

03/18/2021