PPP Loan information for Sumter electric membership corporation

$1,270,278

Sumter electric membership corporation was initially approved for PPP Loan of amount $1,270,278, the current approved amount is $1,270,278. The loan was approved on 04/15/2020 by The Citizens Bank of Americus reported 64 jobs and $1,270,278 was used to fund payroll.

Sumter electric membership corporation is Existing or more than 2 years old

PPP Loan Search / GA / AMERICUS / Sumter electric membership corporation

SUMTER ELECTRIC MEMBERSHIP CORPORATION

Date Approved

04/15/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

SUMTER ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

1120 FELDER ST

Borrower City

AMERICUS

Borrower State

GA

Borrower Zip

31709-4323

Loan Status Date

05/26/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1270277.75

Current Approval Amount

1270277.75

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

17819

Servicing Lender Name

Citizens Bank of Americus

Servicing Lender Address

119 N Lee St

Servicing Lender City

AMERICUS

Servicing Lender State

GA

Servicing Lender Zip

31709-3503

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AMERICUS

Project County Name

SUMTER

Project State

GA

Project Zip

31709-4323

CD

GA-02

Jobs Reported

64

NAICS Code

221121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1016222.00

Mortgage Interest Proceed

254055.75

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

17819

Originating Lender

Citizens Bank of Americus

Originating Lender City

AMERICUS

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1280892.40

Forgiveness Date

02/23/2021

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