PPP Loan information for Tipmont rural electric membership corporation

$1,722,400

Tipmont rural electric membership corporation was initially approved for PPP Loan of amount $1,722,400, the current approved amount is $1,722,400. The loan was approved on 04/27/2020 by The The Fountain Trust Company reported 100 jobs and $1,722,400 was used to fund payroll.

Tipmont rural electric membership corporation is Existing or more than 2 years old

PPP Loan Search / IN / LINDEN / Tipmont rural electric membership corporation

TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION

Borrower Address

403 S Main St

Borrower City

LINDEN

Borrower State

IN

Borrower Zip

47955

Loan Status Date

03/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1722400.00

Current Approval Amount

1722400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23032

Servicing Lender Name

The Fountain Trust Company

Servicing Lender Address

615 Third St

Servicing Lender City

COVINGTON

Servicing Lender State

IN

Servicing Lender Zip

47932-1165

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LINDEN

Project County Name

MONTGOMERY

Project State

IN

Project Zip

47955-0001

CD

IN-04

Jobs Reported

100

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1722400.00

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

Corporation

Originating Lender Location Id

23032

Originating Lender

The Fountain Trust Company

Originating Lender City

COVINGTON

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1736698.28

Forgiveness Date

03/05/2021

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