PPP Loan information for Henry county rural electric membership corporation

$574,700

Henry county rural electric membership corporation was initially approved for PPP Loan of amount $574,700, the current approved amount is $574,700. The loan was approved on 06/16/2020 by The First Merchants Bank reported 34 jobs and $574,700 was used to fund payroll.

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

PPP Loan Search / IN / NEW CASTLE / Henry county rural electric membership corporation

HENRY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Date Approved

06/16/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

HENRY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

3400 S STATE ROAD 3

Borrower City

NEW CASTLE

Borrower State

IN

Borrower Zip

47362-8720

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

574700.00

Current Approval Amount

574700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW CASTLE

Project County Name

HENRY

Project State

IN

Project Zip

47362-8720

CD

IN-06

Jobs Reported

34

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

574700.00

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

Non-Profit Organization

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

577801.81

Forgiveness Date

01/06/2021

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