PPP Loan information for Mitchell electric membership corporation

$1,743,600

Mitchell electric membership corporation was initially approved for PPP Loan of amount $1,743,600, the current approved amount is $1,743,600. The loan was approved on 05/15/2020 by The Planters & Citizens Bank reported 86 jobs and $1,743,600 was used to fund payroll.

Mitchell electric membership corporation is Existing or more than 2 years old

PPP Loan Search / GA / CAMILLA / Mitchell electric membership corporation

MITCHELL ELECTRIC MEMBERSHIP CORPORATION

Date Approved

05/15/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

MITCHELL ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

475 CAIRO RD

Borrower City

CAMILLA

Borrower State

GA

Borrower Zip

31730-3800

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1743600.00

Current Approval Amount

1743600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19182

Servicing Lender Name

Planters & Citizens Bank

Servicing Lender Address

21 N Harney St

Servicing Lender City

CAMILLA

Servicing Lender State

GA

Servicing Lender Zip

31730-1272

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CAMILLA

Project County Name

MITCHELL

Project State

GA

Project Zip

31730-3800

CD

GA-02

Jobs Reported

86

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

976250.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

418669.00

Debt Interest Proceed

348681

Business Type

Cooperative

Originating Lender Location Id

19182

Originating Lender

Planters & Citizens Bank

Originating Lender City

CAMILLA

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1753383.53

Forgiveness Date

12/11/2020

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