PPP Loan information for Verendrye electric cooperative, inc.

$1,686,200

Verendrye electric cooperative, inc. was initially approved for PPP Loan of amount $1,686,200, the current approved amount is $1,686,200. The loan was approved on 04/07/2020 by The First Western Bank & Trust reported 65 jobs and $1,686,200 was used to fund payroll.

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

PPP Loan Search / ND / VELVA / Verendrye electric cooperative, inc.

VERENDRYE ELECTRIC COOPERATIVE, INC.

Date Approved

04/07/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

VERENDRYE ELECTRIC COOPERATIVE, INC.

Borrower Address

615 Highway 52 W

Borrower City

VELVA

Borrower State

ND

Borrower Zip

58790-7417

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1686200.00

Current Approval Amount

1686200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52905

Servicing Lender Name

First Western Bank & Trust

Servicing Lender Address

900 S Broadway

Servicing Lender City

MINOT

Servicing Lender State

ND

Servicing Lender Zip

58701-4658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VELVA

Project County Name

MCHENRY

Project State

ND

Project Zip

58790-7417

CD

ND-

Jobs Reported

65

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1686200.00

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

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1704186.13

Forgiveness Date

05/04/2021

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