PPP Loan information for Southern states somerset cooperative inc

$218,200

Southern states somerset cooperative inc was initially approved for PPP Loan of amount $218,200, the current approved amount is $218,200. The loan was approved on 04/10/2020 by The South Central Bank, Inc. reported 18 jobs and $218,200 was used to fund payroll.

Southern states somerset cooperative inc is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / Southern states somerset cooperative inc

SOUTHERN STATES SOMERSET COOPERATIVE INC

Date Approved

04/10/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

SOUTHERN STATES SOMERSET COOPERATIVE INC

Borrower Address

271 US Hwy 2227

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42503-1580

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

218200.00

Current Approval Amount

218200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27775

Servicing Lender Name

South Central Bank, Inc.

Servicing Lender Address

501 S L Rogers Wells Blvd

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42503-1580

CD

KY-05

Jobs Reported

18

NAICS Code

493130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

218200.00

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

27775

Originating Lender

South Central Bank, Inc.

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

219733.46

Forgiveness Date

12/28/2020

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