PPP Loan information for Heartland rural electric membership corporation

$1,000,000

Heartland rural electric membership corporation was initially approved for PPP Loan of amount $1,000,000, the current approved amount is $1,000,000. The loan was approved on 05/18/2020 by The Crossroads Bank reported 57 jobs and $1,000,000 was used to fund payroll.

Heartland rural electric membership corporation is Existing or more than 2 years old

PPP Loan Search / IN / MARKLE / Heartland rural electric membership corporation

HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION

Date Approved

05/18/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

4563 E MARKLE RD

Borrower City

MARKLE

Borrower State

IN

Borrower Zip

46770-9633

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1000000.00

Current Approval Amount

1000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84342

Servicing Lender Name

Crossroads Bank

Servicing Lender Address

1205 N Cass St

Servicing Lender City

WABASH

Servicing Lender State

IN

Servicing Lender Zip

46992-1027

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARKLE

Project County Name

HUNTINGTON

Project State

IN

Project Zip

46770-9633

CD

IN-03

Jobs Reported

57

NAICS Code

221121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1000000.00

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

Corporation

Originating Lender Location Id

84342

Originating Lender

Crossroads Bank

Originating Lender City

WABASH

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1004444.44

Forgiveness Date

11/03/2020

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