PPP Loan information for Valley electric service

$35,118

Valley electric service was initially approved for PPP Loan of amount $35,118, the current approved amount is $35,118. The loan was approved on 04/09/2020 by The Merchants State Bank reported 3 jobs and $35,118 was used to fund payroll.

Valley electric service is Existing or more than 2 years old

PPP Loan Search / SD / FREEMAN / Valley electric service

VALLEY ELECTRIC SERVICE

Date Approved

04/09/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

VALLEY ELECTRIC SERVICE

Borrower Address

212 Walnut St. PO BOX 6

Borrower City

FREEMAN

Borrower State

SD

Borrower Zip

57029-0006

Loan Status Date

11/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35118.00

Current Approval Amount

35118.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66522

Servicing Lender Name

Merchants State Bank

Servicing Lender Address

305 S Main St

Servicing Lender City

FREEMAN

Servicing Lender State

SD

Servicing Lender Zip

57029

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEMAN

Project County Name

HUTCHINSON

Project State

SD

Project Zip

57029-0006

CD

SD-

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

618.00

Payroll Proceed

34500.00

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

Sole Proprietorship

Originating Lender Location Id

66522

Originating Lender

Merchants State Bank

Originating Lender City

FREEMAN

Originating Lender State

SD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

35290.66

Forgiveness Date

10/08/2020

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