PPP Loan information for Big sandy rural electric cooperative corporation

$538,970

Big sandy rural electric cooperative corporation was initially approved for PPP Loan of amount $538,970, the current approved amount is $538,970. The loan was approved on 04/27/2020 by The Bank of the Mountains, Inc. reported 41 jobs and $538,970 was used to fund payroll.

Big sandy rural electric cooperative corporation is Existing or more than 2 years old

PPP Loan Search / KY / PAINTSVILLE / Big sandy rural electric cooperative corporation

BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION

Date Approved

04/27/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION

Borrower Address

504 11TH ST

Borrower City

PAINTSVILLE

Borrower State

KY

Borrower Zip

41240-1422

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

538970.12

Current Approval Amount

538970.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27970

Servicing Lender Name

Bank of the Mountains, Inc.

Servicing Lender Address

204 Court St

Servicing Lender City

WEST LIBERTY

Servicing Lender State

KY

Servicing Lender Zip

41472-1118

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PAINTSVILLE

Project County Name

JOHNSON

Project State

KY

Project Zip

41240-1422

CD

KY-05

Jobs Reported

41

NAICS Code

221122

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

538970.12

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

27970

Originating Lender

Bank of the Mountains, Inc.

Originating Lender City

WEST LIBERTY

Originating Lender State

KY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

542218.71

Forgiveness Date

12/14/2020

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