PPP Loan information for Thumb electric cooperative

$773,800

Thumb electric cooperative was initially approved for PPP Loan of amount $773,800, the current approved amount is $773,800. The loan was approved on 04/13/2020 by The Northstar Bank reported 31 jobs and $773,800 was used to fund payroll.

Thumb electric cooperative is Existing or more than 2 years old

PPP Loan Search / MI / UBLY / Thumb electric cooperative

THUMB ELECTRIC COOPERATIVE

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

THUMB ELECTRIC COOPERATIVE

Borrower Address

2231 Main Street

Borrower City

UBLY

Borrower State

MI

Borrower Zip

48475-0001

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

773800.00

Current Approval Amount

773800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

222717

Servicing Lender Name

Northstar Bank

Servicing Lender Address

833 S Van Dyke Rd

Servicing Lender City

Bad Axe

Servicing Lender State

MI

Servicing Lender Zip

48413-9604

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

UBLY

Project County Name

HURON

Project State

MI

Project Zip

48475-0001

CD

MI-09

Jobs Reported

31

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

773800.00

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

222717

Originating Lender

Northstar Bank

Originating Lender City

Bad Axe

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

782376.28

Forgiveness Date

05/21/2021

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