PPP Loan information for Lake region electric cooperative

$1,643,527

Lake region electric cooperative was initially approved for PPP Loan of amount $1,643,527, the current approved amount is $1,643,527. The loan was approved on 06/09/2020 by The CoBank ACB reported 70 jobs and $1,643,527 was used to fund payroll.

Lake region electric cooperative is Existing or more than 2 years old

PPP Loan Search / MN / PELICAN RAPIDS / Lake region electric cooperative

LAKE REGION ELECTRIC COOPERATIVE

Date Approved

06/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKE REGION ELECTRIC COOPERATIVE

Borrower Address

1401 S BROADWAY

Borrower City

PELICAN RAPIDS

Borrower State

MN

Borrower Zip

56572-4723

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1643527.00

Current Approval Amount

1643527.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

194499

Servicing Lender Name

CoBank ACB

Servicing Lender Address

6340 S Fiddlers Green Cir #1908

Servicing Lender City

Greenwood Village

Servicing Lender State

CO

Servicing Lender Zip

80111

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PELICAN RAPIDS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56572-4723

CD

MN-07

Jobs Reported

70

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1643527.00

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

Cooperative

Originating Lender Location Id

194499

Originating Lender

CoBank ACB

Originating Lender City

Greenwood Village

Originating Lender State

CO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1653388.16

Forgiveness Date

01/22/2021

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