PPP Loan information for Sussex rural electric cooperative, inc.

$1,177,270

Sussex rural electric cooperative, inc. was initially approved for PPP Loan of amount $1,177,270, the current approved amount is $1,177,270. The loan was approved on 04/29/2020 by The Lakeland Bank reported 47 jobs and $1,177,270 was used to fund payroll.

Sussex rural electric cooperative, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / SUSSEX / Sussex rural electric cooperative, inc.

SUSSEX RURAL ELECTRIC COOPERATIVE, INC.

Date Approved

04/29/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SUSSEX RURAL ELECTRIC COOPERATIVE, INC.

Borrower Address

64 County Route 639

Borrower City

SUSSEX

Borrower State

NJ

Borrower Zip

07461

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1177270.00

Current Approval Amount

1177270.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45621

Servicing Lender Name

Lakeland Bank

Servicing Lender Address

2717 Rte 23 South

Servicing Lender City

NEWFOUNDLAND

Servicing Lender State

NJ

Servicing Lender Zip

07435-1441

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUSSEX

Project County Name

SUSSEX

Project State

NJ

Project Zip

07461-0001

CD

NJ-05

Jobs Reported

47

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1177270.00

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

45621

Originating Lender

Lakeland Bank

Originating Lender City

NEWFOUNDLAND

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1187374.90

Forgiveness Date

03/18/2021

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