PPP Loan information for Franklin electric cooperative

$595,476

Franklin electric cooperative was initially approved for PPP Loan of amount $595,476, the current approved amount is $595,476. The loan was approved on 05/15/2020 by The First Metro Bank reported 24 jobs and $595,476 was used to fund payroll.

Franklin electric cooperative is Existing or more than 2 years old

PPP Loan Search / AL / RUSSELLVILLE / Franklin electric cooperative

FRANKLIN ELECTRIC COOPERATIVE

Date Approved

05/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

FRANKLIN ELECTRIC COOPERATIVE

Borrower Address

531 GANDY ST

Borrower City

RUSSELLVILLE

Borrower State

AL

Borrower Zip

35653-1965

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

595476.00

Current Approval Amount

595476.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112619

Servicing Lender Name

First Metro Bank

Servicing Lender Address

406 W Avalon Ave

Servicing Lender City

MUSCLE SHOALS

Servicing Lender State

AL

Servicing Lender Zip

35661-2808

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RUSSELLVILLE

Project County Name

FRANKLIN

Project State

AL

Project Zip

35653-1965

CD

AL-04

Jobs Reported

24

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

59547.60

Payroll Proceed

446607.00

Mortgage Interest Proceed

89321.40

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

112619

Originating Lender

First Metro Bank

Originating Lender City

MUSCLE SHOALS

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

601496.92

Forgiveness Date

05/21/2021

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