PPP Loan information for Barc electric cooperative

$1,088,999

Barc electric cooperative was initially approved for PPP Loan of amount $1,088,999, the current approved amount is $1,088,999. The loan was approved on 04/14/2020 by The Truist Bank reported 72 jobs and $1,088,999 was used to fund payroll.

Barc electric cooperative is Existing or more than 2 years old

PPP Loan Search / VA / MILLBORO / Barc electric cooperative

BARC ELECTRIC COOPERATIVE

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BARC ELECTRIC COOPERATIVE

Borrower Address

84 High Street Dr

Borrower City

MILLBORO

Borrower State

VA

Borrower Zip

24460-2128

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1088999.00

Current Approval Amount

1088999.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MILLBORO

Project County Name

BATH

Project State

VA

Project Zip

24460-2128

CD

VA-06

Jobs Reported

72

NAICS Code

221121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1088999.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1099132.74

Forgiveness Date

04/01/2021

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