PPP Loan information for The idco co-op

$42,512

The idco co-op was initially approved for PPP Loan of amount $42,512, the current approved amount is $42,512. The loan was approved on 04/15/2020 by The Merit Bank reported 3 jobs and $42,512 was used to fund payroll.

The idco co-op is Existing or more than 2 years old

PPP Loan Search / AL / MADISON / The idco co-op

THE IDCO CO-OP

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

THE IDCO CO-OP

Borrower Address

190 LIME QUARRY RD Suite 104

Borrower City

MADISON

Borrower State

AL

Borrower Zip

35758-8975

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

42512.00

Current Approval Amount

42512.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3332

Servicing Lender Name

Merit Bank

Servicing Lender Address

659 Gallatin St SW

Servicing Lender City

HUNTSVILLE

Servicing Lender State

AL

Servicing Lender Zip

35801-4914

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

MADISON

Project State

AL

Project Zip

35758-8975

CD

AL-05

Jobs Reported

3

NAICS Code

326299

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

42512.00

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

3332

Originating Lender

Merit Bank

Originating Lender City

HUNTSVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42756.44

Forgiveness Date

11/12/2020

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