Date Approved
05/18/2020
SBA Office Code
0669
Processing Method
PPP
Borrower Name
RICH MOUNTAIN ELECTRIC COOPERATIVE, INC
Borrower Address
515 JANSSEN AVE
Borrower City
MENA
Borrower State
AR
Borrower Zip
71953-3265
Loan Status Date
07/13/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
580074.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
4563
Servicing Lender Name
The Union Bank of Mena
Servicing Lender Address
303 Hwy 71 N
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
71953-4349
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
POLK
Project State
Project Zip
CD
AR-04
Jobs Reported
32
NAICS Code
221122
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Non-Profit Organization
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Unanswered
Non Profit
Y
Forgiveness Amount
586390.36
Forgiveness Date
06/17/2021