PPP Loan information for Somerset rural electric cooperative inc

$860,097

Somerset rural electric cooperative inc was initially approved for PPP Loan of amount $860,097, the current approved amount is $860,097. The loan was approved on 05/22/2020 by The Somerset Trust Company reported 42 jobs and $860,097 was used to fund payroll.

Somerset rural electric cooperative inc is Existing or more than 2 years old

PPP Loan Search / PA / SOMERSET / Somerset rural electric cooperative inc

SOMERSET RURAL ELECTRIC COOPERATIVE INC

Date Approved

05/22/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

SOMERSET RURAL ELECTRIC COOPERATIVE INC

Borrower Address

223 Industrial Park Road

Borrower City

SOMERSET

Borrower State

PA

Borrower Zip

15501-3406

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

860097.00

Current Approval Amount

860097.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65337

Servicing Lender Name

Somerset Trust Company

Servicing Lender Address

151 W Main St

Servicing Lender City

SOMERSET

Servicing Lender State

PA

Servicing Lender Zip

15501-2041

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

SOMERSET

Project State

PA

Project Zip

15501-3406

CD

PA-14

Jobs Reported

42

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

860097.00

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

Non-Profit Organization

Originating Lender Location Id

65337

Originating Lender

Somerset Trust Company

Originating Lender City

SOMERSET

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

863847.98

Forgiveness Date

11/03/2020

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