PPP Loan information for Black river electric cooperative, inc.

$1,413,500

Black river electric cooperative, inc. was initially approved for PPP Loan of amount $1,413,500, the current approved amount is $1,413,500. The loan was approved on 04/08/2020 by The First-Citizens Bank & Trust Company reported 70 jobs and $1,413,500 was used to fund payroll.

Black river electric cooperative, inc. is New Business or 2 years or less

PPP Loan Search / SC / SUMTER / Black river electric cooperative, inc.

BLACK RIVER ELECTRIC COOPERATIVE, INC.

Date Approved

04/08/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

BLACK RIVER ELECTRIC COOPERATIVE, INC.

Borrower Address

1121 N Pike Rd. W. PO Box 130

Borrower City

SUMTER

Borrower State

SC

Borrower Zip

29151

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1413500.00

Current Approval Amount

1413500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

SUMTER

Project County Name

SUMTER

Project State

SC

Project Zip

29151-0001

CD

SC-06

Jobs Reported

70

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1413500.00

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

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1424653.10

Forgiveness Date

02/05/2021

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