PPP Loan information for United farmers cooperative

$3,036,200

United farmers cooperative was initially approved for PPP Loan of amount $3,036,200, the current approved amount is $3,036,200. The loan was approved on 04/07/2020 by The Houghton State Bank reported 319 jobs and $3,036,200 was used to fund payroll.

United farmers cooperative is Existing or more than 2 years old

PPP Loan Search / IA / RED OAK / United farmers cooperative

UNITED FARMERS COOPERATIVE

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

UNITED FARMERS COOPERATIVE

Borrower Address

203 W OAK ST

Borrower City

RED OAK

Borrower State

IA

Borrower Zip

51566-1432

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3036200.00

Current Approval Amount

3036200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25408

Servicing Lender Name

Houghton State Bank

Servicing Lender Address

116 Coolbaugh St

Servicing Lender City

RED OAK

Servicing Lender State

IA

Servicing Lender Zip

51566-2273

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RED OAK

Project County Name

MONTGOMERY

Project State

IA

Project Zip

51566-1432

CD

IA-03

Jobs Reported

319

NAICS Code

424510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

11200.00

Payroll Proceed

3000000.00

Mortgage Interest Proceed

25000.00

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

25408

Originating Lender

Houghton State Bank

Originating Lender City

RED OAK

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3072128.37

Forgiveness Date

06/11/2021

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