PPP Loan information for Maquoketa valley electric cooperative

$1,052,800

Maquoketa valley electric cooperative was initially approved for PPP Loan of amount $1,052,800, the current approved amount is $1,052,800. The loan was approved on 04/07/2020 by The Farmers & Merchants Savings Bank reported 73 jobs and $1,052,800 was used to fund payroll.

Maquoketa valley electric cooperative is Existing or more than 2 years old

PPP Loan Search / IA / ANAMOSA / Maquoketa valley electric cooperative

MAQUOKETA VALLEY ELECTRIC COOPERATIVE

Date Approved

04/07/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

MAQUOKETA VALLEY ELECTRIC COOPERATIVE

Borrower Address

109 N HUBER ST

Borrower City

ANAMOSA

Borrower State

IA

Borrower Zip

52205-1453

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1052800.00

Current Approval Amount

1052800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ANAMOSA

Project County Name

JONES

Project State

IA

Project Zip

52205-1453

CD

IA-01

Jobs Reported

73

NAICS Code

926130

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1052800.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1059730.93

Forgiveness Date

12/08/2020

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