PPP Loan information for Northcentral electric cooperative

$1,960,507

Northcentral electric cooperative was initially approved for PPP Loan of amount $1,960,507, the current approved amount is $1,960,507. The loan was approved on 05/20/2020 by The Cadence Bank reported 96 jobs and $1,960,507 was used to fund payroll.

Northcentral electric cooperative is New Business or 2 years or less

PPP Loan Search / MS / OLIVE BRANCH / Northcentral electric cooperative

NORTHCENTRAL ELECTRIC COOPERATIVE

Date Approved

05/20/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

NORTHCENTRAL ELECTRIC COOPERATIVE

Borrower Address

4600 NORTHCENTRAL WAY

Borrower City

OLIVE BRANCH

Borrower State

MS

Borrower Zip

38654-5097

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1960507.00

Current Approval Amount

1960507.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

OLIVE BRANCH

Project County Name

DESOTO

Project State

MS

Project Zip

38654-5097

CD

MS-01

Jobs Reported

96

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1960507.00

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

Non-Profit Organization

Originating Lender Location Id

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1978696.15

Forgiveness Date

04/22/2021

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