PPP Loan information for Goodhue county cooperative electric association

$528,625

Goodhue county cooperative electric association was initially approved for PPP Loan of amount $528,625, the current approved amount is $528,625. The loan was approved on 02/05/2021 by The First Farmers & Merchants Bank reported 19 jobs and $528,625 was used to fund payroll.

Goodhue county cooperative electric association is Existing or more than 2 years old

PPP Loan Search / MN / Zumbrota / Goodhue county cooperative electric association

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION

Date Approved

02/05/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION

Borrower Address

1410 Northstar Dr

Borrower City

Zumbrota

Borrower State

MN

Borrower Zip

55992-1091

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

528625.00

Current Approval Amount

528625.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39034

Servicing Lender Name

First Farmers & Merchants Bank

Servicing Lender Address

920 4th St South

Servicing Lender City

CANNON FALLS

Servicing Lender State

MN

Servicing Lender Zip

55009-2552

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Zumbrota

Project County Name

GOODHUE

Project State

MN

Project Zip

55992-1091

CD

MN-01

Jobs Reported

19

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

528621.00

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

501(c)3 – Non Profit

Originating Lender Location Id

39034

Originating Lender

First Farmers & Merchants Bank

Originating Lender City

CANNON FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

530974.44

Forgiveness Date

07/21/2021

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