PPP Loan information for Alger delta cooperative electric association

$373,600

Alger delta cooperative electric association was initially approved for PPP Loan of amount $373,600, the current approved amount is $373,600. The loan was approved on 04/04/2020 by The Baybank reported 16 jobs and $373,600 was used to fund payroll.

Alger delta cooperative electric association is Existing or more than 2 years old

PPP Loan Search / MI / GLADSTONE / Alger delta cooperative electric association

ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION

Borrower Address

426 N 9TH ST

Borrower City

GLADSTONE

Borrower State

MI

Borrower Zip

49837-1120

Loan Status Date

04/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

373600.00

Current Approval Amount

373600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34949

Servicing Lender Name

Baybank

Servicing Lender Address

104 S 10th St

Servicing Lender City

GLADSTONE

Servicing Lender State

MI

Servicing Lender Zip

49837-1528

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLADSTONE

Project County Name

DELTA

Project State

MI

Project Zip

49837-1120

CD

MI-01

Jobs Reported

16

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

373600.00

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

34949

Originating Lender

Baybank

Originating Lender City

GLADSTONE

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

378041.69

Forgiveness Date

06/17/2021

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