PPP Loan information for Rural electric cooperative, inc

$1,179,795

Rural electric cooperative, inc was initially approved for PPP Loan of amount $1,179,795, the current approved amount is $1,179,795. The loan was approved on 06/24/2020 by The The First National Bank of Lindsay reported 53 jobs and $1,179,795 was used to fund payroll.

Rural electric cooperative, inc is Existing or more than 2 years old

PPP Loan Search / OK / LINDSAY / Rural electric cooperative, inc

RURAL ELECTRIC COOPERATIVE, INC

Date Approved

06/24/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

RURAL ELECTRIC COOPERATIVE, INC

Borrower Address

13942 State Highway 76

Borrower City

LINDSAY

Borrower State

OK

Borrower Zip

73052-9999

Loan Status Date

08/06/2020

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1179795.00

Current Approval Amount

1179795.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59040

Servicing Lender Name

The First National Bank of Lindsay

Servicing Lender Address

101 S Main St

Servicing Lender City

LINDSAY

Servicing Lender State

OK

Servicing Lender Zip

73052-5631

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LINDSAY

Project County Name

GARVIN

Project State

OK

Project Zip

73052-9999

CD

OK-04

Jobs Reported

53

NAICS Code

221122

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1179795.00

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

59040

Originating Lender

The First National Bank of Lindsay

Originating Lender City

LINDSAY

Originating Lender State

OK

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1194116.40

Forgiveness Date

09/17/2021

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