PPP Loan information for Rappahannock electric cooperative

$8,487,295

Rappahannock electric cooperative was initially approved for PPP Loan of amount $8,487,295, the current approved amount is $8,487,295. The loan was approved on 06/23/2020 by The CoBank ACB reported 430 jobs and $8,487,295 was used to fund payroll.

Rappahannock electric cooperative is Existing or more than 2 years old

PPP Loan Search / VA / FREDERICKSBURG / Rappahannock electric cooperative

RAPPAHANNOCK ELECTRIC COOPERATIVE

Date Approved

06/23/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

RAPPAHANNOCK ELECTRIC COOPERATIVE

Borrower Address

247 INDUSTRIAL CT

Borrower City

FREDERICKSBURG

Borrower State

VA

Borrower Zip

22408-2443

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

8487295.00

Current Approval Amount

8487295.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

194499

Servicing Lender Name

CoBank ACB

Servicing Lender Address

6340 S Fiddlers Green Cir #1908

Servicing Lender City

Greenwood Village

Servicing Lender State

CO

Servicing Lender Zip

80111

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FREDERICKSBURG

Project County Name

SPOTSYLVANIA

Project State

VA

Project Zip

22408-2443

CD

VA-07

Jobs Reported

430

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

8487295.00

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

Cooperative

Originating Lender Location Id

194499

Originating Lender

CoBank ACB

Originating Lender City

Greenwood Village

Originating Lender State

CO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

8569574.61

Forgiveness Date

06/15/2021

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