PPP Loan information for Todd wadena electric cooperative

$520,400

Todd wadena electric cooperative was initially approved for PPP Loan of amount $520,400, the current approved amount is $520,400. The loan was approved on 04/15/2020 by The Wadena State Bank reported 27 jobs and $520,400 was used to fund payroll.

Todd wadena electric cooperative is Existing or more than 2 years old

PPP Loan Search / MN / WADENA / Todd wadena electric cooperative

TODD WADENA ELECTRIC COOPERATIVE

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TODD WADENA ELECTRIC COOPERATIVE

Borrower Address

550 ash ave ne

Borrower City

WADENA

Borrower State

MN

Borrower Zip

56482-2421

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

520400.00

Current Approval Amount

520400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38987

Servicing Lender Name

Wadena State Bank

Servicing Lender Address

304 1st St SE

Servicing Lender City

WADENA

Servicing Lender State

MN

Servicing Lender Zip

56482-1504

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WADENA

Project County Name

WADENA

Project State

MN

Project Zip

56482-2421

CD

MN-07

Jobs Reported

27

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

520400.00

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

Non-Profit Organization

Originating Lender Location Id

38987

Originating Lender

Wadena State Bank

Originating Lender City

WADENA

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Y

Forgiveness Amount

523479.03

Forgiveness Date

11/24/2020

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