PPP Loan information for Rural electric

$2,500,000

Rural electric was initially approved for PPP Loan of amount $2,500,000, the current approved amount is $2,500,000. The loan was approved on 04/10/2020 by The Western State Bank reported 154 jobs and $2,500,000 was used to fund payroll.

Rural electric is Existing or more than 2 years old

RURAL ELECTRIC

Date Approved

04/10/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

RURAL ELECTRIC

Borrower Address

9502 E MAIN ST

Borrower City

MESA

Borrower State

AZ

Borrower Zip

85207-8821

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2500000.00

Current Approval Amount

2500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52957

Servicing Lender Name

Western State Bank

Servicing Lender Address

110 4th St SE

Servicing Lender City

DEVILS LAKE

Servicing Lender State

ND

Servicing Lender Zip

58301-3634

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MESA

Project County Name

MARICOPA

Project State

AZ

Project Zip

85207-8821

CD

AZ-05

Jobs Reported

154

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2500000.00

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

Subchapter S Corporation

Originating Lender Location Id

52957

Originating Lender

Western State Bank

Originating Lender City

DEVILS LAKE

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;