PPP Loan information for Cherryland electric cooperative

$1,301,000

Cherryland electric cooperative was initially approved for PPP Loan of amount $1,301,000, the current approved amount is $1,301,000. The loan was approved on 04/29/2020 by The PNC Bank, National Association reported 56 jobs and $1,301,000 was used to fund payroll.

Cherryland electric cooperative is Existing or more than 2 years old

PPP Loan Search / MI / GRAWN / Cherryland electric cooperative

CHERRYLAND ELECTRIC COOPERATIVE

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

CHERRYLAND ELECTRIC COOPERATIVE

Borrower Address

5930 US HIGHWAY 31

Borrower City

GRAWN

Borrower State

MI

Borrower Zip

49637-9683

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1301000.00

Current Approval Amount

1301000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAWN

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49637-9683

CD

MI-01

Jobs Reported

56

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1301000.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1310287.69

Forgiveness Date

01/22/2021

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