PPP Loan information for Choptank electric cooperative, inc.

$3,977,632

Choptank electric cooperative, inc. was initially approved for PPP Loan of amount $3,977,632, the current approved amount is $3,977,632. The loan was approved on 07/16/2020 by The CoBank ACB reported 155 jobs and $3,977,632 was used to fund payroll.

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

PPP Loan Search / MD / DENTON / Choptank electric cooperative, inc.

CHOPTANK ELECTRIC COOPERATIVE, INC.

Date Approved

07/16/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

CHOPTANK ELECTRIC COOPERATIVE, INC.

Borrower Address

10384 RIVER RD

Borrower City

DENTON

Borrower State

MD

Borrower Zip

21629-1914

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

3977632.00

Current Approval Amount

3977632.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

194499

Servicing Lender Name

CoBank ACB

Servicing Lender Address

6340 S Fiddlers Green Cir #1908

Servicing Lender City

Greenwood Village

Servicing Lender State

CO

Servicing Lender Zip

80111

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DENTON

Project County Name

CAROLINE

Project State

MD

Project Zip

21629-1914

CD

MD-01

Jobs Reported

155

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3977632.00

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

194499

Originating Lender

CoBank ACB

Originating Lender City

Greenwood Village

Originating Lender State

CO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4013983.14

Forgiveness Date

06/16/2021

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