PPP Loan information for Sierra electric coop

$254,300

Sierra electric coop was initially approved for PPP Loan of amount $254,300, the current approved amount is $254,300. The loan was approved on 04/28/2020 by The Bank of the Southwest reported 17 jobs and $254,300 was used to fund payroll.

Sierra electric coop is Existing or more than 2 years old

SIERRA ELECTRIC COOP

Date Approved

04/28/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

SIERRA ELECTRIC COOP

Borrower Address

P O Box 290

Borrower City

Elephant Butte

Borrower State

NM

Borrower Zip

87935

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

254300.00

Current Approval Amount

254300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46008

Servicing Lender Name

Bank of the Southwest

Servicing Lender Address

226 N Main St

Servicing Lender City

ROSWELL

Servicing Lender State

NM

Servicing Lender Zip

88201-4723

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elephant Butte

Project County Name

SIERRA

Project State

NM

Project Zip

87935-0001

CD

NM-02

Jobs Reported

17

NAICS Code

237130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

254300.00

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

46008

Originating Lender

Bank of the Southwest

Originating Lender City

ROSWELL

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

255602.85

Forgiveness Date

11/03/2020

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