PPP Loan information for South alabama electric cooperative

$1,114,386

South alabama electric cooperative was initially approved for PPP Loan of amount $1,114,386, the current approved amount is $1,114,386. The loan was approved on 04/15/2020 by The Troy Bank & Trust Company reported 55 jobs and $1,114,386 was used to fund payroll.

South alabama electric cooperative is Existing or more than 2 years old

PPP Loan Search / AL / TROY / South alabama electric cooperative

SOUTH ALABAMA ELECTRIC COOPERATIVE

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTH ALABAMA ELECTRIC COOPERATIVE

Borrower Address

13192 US HIGHWAY 231

Borrower City

TROY

Borrower State

AL

Borrower Zip

36081-9109

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1114386.00

Current Approval Amount

1114386.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3323

Servicing Lender Name

Troy Bank & Trust Company

Servicing Lender Address

1000 US Hwy 231 S

Servicing Lender City

TROY

Servicing Lender State

AL

Servicing Lender Zip

36081-3104

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TROY

Project County Name

PIKE

Project State

AL

Project Zip

36081-9109

CD

AL-02

Jobs Reported

55

NAICS Code

221121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1114386.00

Payroll Proceed

0.00

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

3323

Originating Lender

Troy Bank & Trust Company

Originating Lender City

TROY

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1122965.25

Forgiveness Date

02/01/2021

;