PPP Loan information for South central electric association

$494,400

South central electric association was initially approved for PPP Loan of amount $494,400, the current approved amount is $494,400. The loan was approved on 04/15/2020 by The Pioneer Bank reported 24 jobs and $494,400 was used to fund payroll.

South central electric association is Existing or more than 2 years old

PPP Loan Search / MN / SAINT JAMES / South central electric association

SOUTH CENTRAL ELECTRIC ASSOCIATION

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTH CENTRAL ELECTRIC ASSOCIATION

Borrower Address

71176 TIELL DR

Borrower City

SAINT JAMES

Borrower State

MN

Borrower Zip

56081-4586

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

494400.00

Current Approval Amount

494400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38355

Servicing Lender Name

Pioneer Bank

Servicing Lender Address

301 Main St NE

Servicing Lender City

MAPLETON

Servicing Lender State

MN

Servicing Lender Zip

56065

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT JAMES

Project County Name

WATONWAN

Project State

MN

Project Zip

56081-4586

CD

MN-01

Jobs Reported

24

NAICS Code

221122

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

494400.00

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

Professional Association

Originating Lender Location Id

38355

Originating Lender

Pioneer Bank

Originating Lender City

MAPLETON

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

497544.93

Forgiveness Date

12/09/2020

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