PPP Loan information for Shenandoah valley electric cooperative

$3,967,000

Shenandoah valley electric cooperative was initially approved for PPP Loan of amount $3,967,000, the current approved amount is $3,967,000. The loan was approved on 04/15/2020 by The The First Bank and Trust Company reported 250 jobs and $3,967,000 was used to fund payroll.

Shenandoah valley electric cooperative is Existing or more than 2 years old

PPP Loan Search / VA / BRIDGEWATER / Shenandoah valley electric cooperative

SHENANDOAH VALLEY ELECTRIC COOPERATIVE

Date Approved

04/15/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SHENANDOAH VALLEY ELECTRIC COOPERATIVE

Borrower Address

180 OAKWOOD DR

Borrower City

BRIDGEWATER

Borrower State

VA

Borrower Zip

22812-9540

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3967000.00

Current Approval Amount

3967000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73510

Servicing Lender Name

The First Bank and Trust Company

Servicing Lender Address

359 W Main St

Servicing Lender City

LEBANON

Servicing Lender State

VA

Servicing Lender Zip

24266

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BRIDGEWATER

Project County Name

ROCKINGHAM

Project State

VA

Project Zip

22812-9540

CD

VA-06

Jobs Reported

250

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3967000.00

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

73510

Originating Lender

The First Bank and Trust Company

Originating Lender City

LEBANON

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4013281.67

Forgiveness Date

06/22/2021

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