PPP Loan information for Meade county rural electric coop

$1,456,523

Meade county rural electric coop was initially approved for PPP Loan of amount $1,456,523, the current approved amount is $1,456,523. The loan was approved on 04/05/2020 by The Meade County Bank reported 68 jobs and $1,456,523 was used to fund payroll.

Meade county rural electric coop is Existing or more than 2 years old

PPP Loan Search / KY / BRANDENBURG / Meade county rural electric coop

MEADE COUNTY RURAL ELECTRIC COOP

Date Approved

04/05/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MEADE COUNTY RURAL ELECTRIC COOP

Borrower Address

1351 Hwy 79

Borrower City

BRANDENBURG

Borrower State

KY

Borrower Zip

40108-7004

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1456522.50

Current Approval Amount

1456522.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

26832

Servicing Lender Name

Meade County Bank

Servicing Lender Address

2175 By-Pass Rd

Servicing Lender City

BRANDENBURG

Servicing Lender State

KY

Servicing Lender Zip

40108-1604

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BRANDENBURG

Project County Name

MEADE

Project State

KY

Project Zip

40108-7004

CD

KY-02

Jobs Reported

68

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1340517.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

116005.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

26832

Originating Lender

Meade County Bank

Originating Lender City

BRANDENBURG

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1465261.64

Forgiveness Date

11/23/2020

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