PPP Loan information for Appalachian electric coopertive

$2,659,730

Appalachian electric coopertive was initially approved for PPP Loan of amount $2,659,730, the current approved amount is $2,659,730. The loan was approved on 04/15/2020 by The FirstBank reported 178 jobs and $2,659,730 was used to fund payroll.

Appalachian electric coopertive is Existing or more than 2 years old

PPP Loan Search / TN / New Market / Appalachian electric coopertive

APPALACHIAN ELECTRIC COOPERTIVE

Date Approved

04/15/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

APPALACHIAN ELECTRIC COOPERTIVE

Borrower Address

1109 Hill Drive

Borrower City

New Market

Borrower State

TN

Borrower Zip

37820-3832

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2659730.00

Current Approval Amount

2659730.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68822

Servicing Lender Name

FirstBank

Servicing Lender Address

211 Commerce St, Ste 300

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37201-1810

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New Market

Project County Name

JEFFERSON

Project State

TN

Project Zip

37820-3832

CD

TN-02

Jobs Reported

178

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2659730.00

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

Corporation

Originating Lender Location Id

68822

Originating Lender

FirstBank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1639265.54

Forgiveness Date

12/06/2021

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