PPP Loan information for Lorain-medina rural electric cooperative, inc.

$638,000

Lorain-medina rural electric cooperative, inc. was initially approved for PPP Loan of amount $638,000, the current approved amount is $638,000. The loan was approved on 04/29/2020 by The Sutton Bank reported 40 jobs and $638,000 was used to fund payroll.

Lorain-medina rural electric cooperative, inc. is Existing or more than 2 years old

PPP Loan Search / OH / WELLINGTON / Lorain-medina rural electric cooperative, inc.

LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE, INC.

Date Approved

04/29/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE, INC.

Borrower Address

22898 WEST RD

Borrower City

WELLINGTON

Borrower State

OH

Borrower Zip

44090-9474

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

638000.00

Current Approval Amount

638000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53273

Servicing Lender Name

Sutton Bank

Servicing Lender Address

1 S Main St

Servicing Lender City

ATTICA

Servicing Lender State

OH

Servicing Lender Zip

44807-9803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WELLINGTON

Project County Name

LORAIN

Project State

OH

Project Zip

44090-9474

CD

OH-05

Jobs Reported

40

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25000.00

Payroll Proceed

468000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

135000.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

53273

Originating Lender

Sutton Bank

Originating Lender City

ATTICA

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

645690.96

Forgiveness Date

07/26/2021

;