PPP Loan information for Peoples electric cooperative

$1,496,873

Peoples electric cooperative was initially approved for PPP Loan of amount $1,496,873, the current approved amount is $1,496,873. The loan was approved on 03/25/2021 by The Vision Bank reported 130 jobs and $1,496,873 was used to fund payroll.

Peoples electric cooperative is Existing or more than 2 years old

PPP Loan Search / OK / Ada / Peoples electric cooperative

PEOPLES ELECTRIC COOPERATIVE

Date Approved

03/25/2021

SBA Office Code

0680

Processing Method

PPP

Borrower Name

PEOPLES ELECTRIC COOPERATIVE

Borrower Address

1600 N Country Club Rd

Borrower City

Ada

Borrower State

OK

Borrower Zip

74820-1824

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1496873.42

Current Approval Amount

1496873.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58694

Servicing Lender Name

Vision Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

ADA

Servicing Lender State

OK

Servicing Lender Zip

74820-5601

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ada

Project County Name

PONTOTOC

Project State

OK

Project Zip

74820-1824

CD

OK-04

Jobs Reported

130

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1496873.42

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

58694

Originating Lender

Vision Bank

Originating Lender City

ADA

Originating Lender State

OK

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1503650.93

Forgiveness Date

09/10/2021

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