PPP Loan information for Nolin rural electric cooperative corporation

$2,371,947

Nolin rural electric cooperative corporation was initially approved for PPP Loan of amount $2,371,947, the current approved amount is $2,371,947. The loan was approved on 04/05/2020 by The South Central Bank, Inc. reported 95 jobs and $2,371,947 was used to fund payroll.

Nolin rural electric cooperative corporation is Existing or more than 2 years old

PPP Loan Search / KY / ELIZABETHTOWN / Nolin rural electric cooperative corporation

NOLIN RURAL ELECTRIC COOPERATIVE CORPORATION

Date Approved

04/05/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

NOLIN RURAL ELECTRIC COOPERATIVE CORPORATION

Borrower Address

411 RING RD

Borrower City

ELIZABETHTOWN

Borrower State

KY

Borrower Zip

42701-6767

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2371947.00

Current Approval Amount

2371947.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27775

Servicing Lender Name

South Central Bank, Inc.

Servicing Lender Address

501 S L Rogers Wells Blvd

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELIZABETHTOWN

Project County Name

HARDIN

Project State

KY

Project Zip

42701-6767

CD

KY-02

Jobs Reported

95

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2371947.00

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

27775

Originating Lender

South Central Bank, Inc.

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2400871.58

Forgiveness Date

07/01/2021

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