PPP Loan information for Community electric cooperative

$696,500

Community electric cooperative was initially approved for PPP Loan of amount $696,500, the current approved amount is $696,500. The loan was approved on 05/21/2020 by The TowneBank reported 38 jobs and $696,500 was used to fund payroll.

Community electric cooperative is Existing or more than 2 years old

PPP Loan Search / VA / WINDSOR / Community electric cooperative

COMMUNITY ELECTRIC COOPERATIVE

Date Approved

05/21/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

COMMUNITY ELECTRIC COOPERATIVE

Borrower Address

52 West Windsor Blvd

Borrower City

WINDSOR

Borrower State

VA

Borrower Zip

23487-9520

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

696500.00

Current Approval Amount

696500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WINDSOR

Project County Name

ISLE OF WIGHT

Project State

VA

Project Zip

23487-9520

CD

VA-02

Jobs Reported

38

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

696500.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

703658.47

Forgiveness Date

06/02/2021

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