PPP Loan information for Norval electric cooperative, inc

$480,250

Norval electric cooperative, inc was initially approved for PPP Loan of amount $480,250, the current approved amount is $480,250. The loan was approved on 05/14/2020 by The Independence Bank reported 18 jobs and $480,250 was used to fund payroll.

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

PPP Loan Search / MT / GLASGOW / Norval electric cooperative, inc

NORVAL ELECTRIC COOPERATIVE, INC

Date Approved

05/14/2020

SBA Office Code

0885

Processing Method

PPP

Borrower Name

NORVAL ELECTRIC COOPERATIVE, INC

Borrower Address

PO BOX 951

Borrower City

GLASGOW

Borrower State

MT

Borrower Zip

59230-0951

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

480250.00

Current Approval Amount

480250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41936

Servicing Lender Name

Independence Bank

Servicing Lender Address

435 3rd St

Servicing Lender City

HAVRE

Servicing Lender State

MT

Servicing Lender Zip

59501-3613

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLASGOW

Project County Name

VALLEY

Project State

MT

Project Zip

59230-0951

CD

MT-02

Jobs Reported

18

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

480250.00

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

Non-Profit Organization

Originating Lender Location Id

41936

Originating Lender

Independence Bank

Originating Lender City

HAVRE

Originating Lender State

MT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

485355.12

Forgiveness Date

06/14/2021

;