PPP Loan information for Arab electric cooperative, inc.

$431,990

Arab electric cooperative, inc. was initially approved for PPP Loan of amount $431,990, the current approved amount is $431,990. The loan was approved on 04/16/2020 by The Citizens Bank & Trust reported 32 jobs and $431,990 was used to fund payroll.

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

PPP Loan Search / AL / ARAB / Arab electric cooperative, inc.

ARAB ELECTRIC COOPERATIVE, INC.

Date Approved

04/16/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ARAB ELECTRIC COOPERATIVE, INC.

Borrower Address

331 S BRINDLEE MTN PKWAY

Borrower City

ARAB

Borrower State

AL

Borrower Zip

35016-1326

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

431990.00

Current Approval Amount

431990.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

323110

Servicing Lender Name

Citizens Bank & Trust

Servicing Lender Address

711 Gunter Ave

Servicing Lender City

GUNTERSVILLE

Servicing Lender State

AL

Servicing Lender Zip

35976-1515

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ARAB

Project County Name

MARSHALL

Project State

AL

Project Zip

35016-1326

CD

AL-04

Jobs Reported

32

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

431990.00

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

323110

Originating Lender

Citizens Bank & Trust

Originating Lender City

GUNTERSVILLE

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

434401.94

Forgiveness Date

11/12/2020

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