PPP Loan information for Farmers rural electric cooperative corporation

$1,096,768

Farmers rural electric cooperative corporation was initially approved for PPP Loan of amount $1,096,768, the current approved amount is $1,096,768. The loan was approved on 04/08/2020 by The Edmonton State Bank reported 59 jobs and $1,096,768 was used to fund payroll.

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

PPP Loan Search / KY / GLASGOW / Farmers rural electric cooperative corporation

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION

Date Approved

04/08/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION

Borrower Address

504 BROADWAY ST

Borrower City

GLASGOW

Borrower State

KY

Borrower Zip

42141-2504

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1096767.50

Current Approval Amount

1096767.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

26977

Servicing Lender Name

Edmonton State Bank

Servicing Lender Address

909 W Main St

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141-1117

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GLASGOW

Project County Name

BARREN

Project State

KY

Project Zip

42141-2504

CD

KY-02

Jobs Reported

59

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1096767.50

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

26977

Originating Lender

Edmonton State Bank

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1105571.69

Forgiveness Date

02/03/2021

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