PPP Loan information for Marshall dekalb eletric cooperative

$1,218,600

Marshall dekalb eletric cooperative was initially approved for PPP Loan of amount $1,218,600, the current approved amount is $1,218,600. The loan was approved on 04/16/2020 by The Peoples Independent Bank reported 59 jobs and $1,218,600 was used to fund payroll.

Marshall dekalb eletric cooperative is Existing or more than 2 years old

MARSHALL DEKALB ELETRIC COOPERATIVE

Date Approved

04/16/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MARSHALL DEKALB ELETRIC COOPERATIVE

Borrower Address

10025 AL HIGHWAY 168

Borrower City

BOAZ

Borrower State

AL

Borrower Zip

35957-1885

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1218600.00

Current Approval Amount

1218600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BOAZ

Project County Name

MARSHALL

Project State

AL

Project Zip

35957-1885

CD

AL-04

Jobs Reported

59

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1029000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

189600.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1226791.70

Forgiveness Date

12/21/2020

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