PPP Loan information for Southwest rural electric association, inc.

$551,000

Southwest rural electric association, inc. was initially approved for PPP Loan of amount $551,000, the current approved amount is $551,000. The loan was approved on 04/15/2020 by The Frazer Bank reported 31 jobs and $551,000 was used to fund payroll.

Southwest rural electric association, inc. is Existing or more than 2 years old

PPP Loan Search / OK / TIPTON / Southwest rural electric association, inc.

SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC.

Date Approved

04/15/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC.

Borrower Address

700 N BROADWAY

Borrower City

TIPTON

Borrower State

OK

Borrower Zip

73570-5018

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

551000.00

Current Approval Amount

551000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58702

Servicing Lender Name

Frazer Bank

Servicing Lender Address

110 E Broadway

Servicing Lender City

ALTUS

Servicing Lender State

OK

Servicing Lender Zip

73521-5502

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TIPTON

Project County Name

TILLMAN

Project State

OK

Project Zip

73570-5018

CD

OK-04

Jobs Reported

31

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

551000.00

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

58702

Originating Lender

Frazer Bank

Originating Lender City

ALTUS

Originating Lender State

OK

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

556739.58

Forgiveness Date

05/04/2021

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