PPP Loan information for Otero county electric cooperative inc.

$1,272,900

Otero county electric cooperative inc. was initially approved for PPP Loan of amount $1,272,900, the current approved amount is $1,272,900. The loan was approved on 04/27/2020 by The First National Bank reported 65 jobs and $1,272,900 was used to fund payroll.

Otero county electric cooperative inc. is Existing or more than 2 years old

PPP Loan Search / NM / CLOUDCROFT / Otero county electric cooperative inc.

OTERO COUNTY ELECTRIC COOPERATIVE INC.

Date Approved

04/27/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

OTERO COUNTY ELECTRIC COOPERATIVE INC.

Borrower Address

404 BURRO AVE

Borrower City

CLOUDCROFT

Borrower State

NM

Borrower Zip

88317-7706

Loan Status Date

03/10/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1272900.00

Current Approval Amount

1272900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45647

Servicing Lender Name

First National Bank

Servicing Lender Address

414 10th St

Servicing Lender City

ALAMOGORDO

Servicing Lender State

NM

Servicing Lender Zip

88310-6766

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLOUDCROFT

Project County Name

OTERO

Project State

NM

Project Zip

88317-7706

CD

NM-02

Jobs Reported

65

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1272900.00

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

Corporation

Originating Lender Location Id

45647

Originating Lender

First National Bank

Originating Lender City

ALAMOGORDO

Originating Lender State

NM

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1196166.71

Forgiveness Date

11/24/2021

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