PPP Loan information for Black warrior electric membership corporation

$1,463,000

Black warrior electric membership corporation was initially approved for PPP Loan of amount $1,463,000, the current approved amount is $1,463,000. The loan was approved on 05/15/2020 by The Robertson Banking Company reported 66 jobs and $1,463,000 was used to fund payroll.

Black warrior electric membership corporation is Existing or more than 2 years old

PPP Loan Search / AL / DEMOPOLIS / Black warrior electric membership corporation

BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION

Date Approved

05/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

1410 Highway 43 South

Borrower City

DEMOPOLIS

Borrower State

AL

Borrower Zip

36732-3825

Loan Status Date

03/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1463000.00

Current Approval Amount

1463000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

1952

Servicing Lender Name

Robertson Banking Company

Servicing Lender Address

216 N Walnut Ave

Servicing Lender City

DEMOPOLIS

Servicing Lender State

AL

Servicing Lender Zip

36732-2032

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DEMOPOLIS

Project County Name

MARENGO

Project State

AL

Project Zip

36732-3825

CD

AL-07

Jobs Reported

66

NAICS Code

221122

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1463000.00

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

1952

Originating Lender

Robertson Banking Company

Originating Lender City

DEMOPOLIS

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1474013.14

Forgiveness Date

02/17/2021

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