PPP Loan information for Clay county electric cooperative cooperation

$1,210,000

Clay county electric cooperative cooperation was initially approved for PPP Loan of amount $1,210,000, the current approved amount is $1,210,000. The loan was approved on 07/30/2020 by The First National Bank reported 65 jobs and $1,210,000 was used to fund payroll.

Clay county electric cooperative cooperation is Startup, Loan Funds will Open Business

PPP Loan Search / AR / Corning / Clay county electric cooperative cooperation

CLAY COUNTY ELECTRIC COOPERATIVE COOPERATION

Date Approved

07/30/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

CLAY COUNTY ELECTRIC COOPERATIVE COOPERATION

Borrower Address

3111 Highway 67

Borrower City

Corning

Borrower State

AR

Borrower Zip

72422

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1210000.00

Current Approval Amount

1210000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4641

Servicing Lender Name

First National Bank

Servicing Lender Address

200 W Court St

Servicing Lender City

Paragould

Servicing Lender State

AR

Servicing Lender Zip

72450

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Startup, Loan Funds will Open Business

Project City

Corning

Project County Name

CLAY

Project State

AR

Project Zip

72422-0001

CD

AR-01

Jobs Reported

65

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1210000.00

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

Non-Profit Organization

Originating Lender Location Id

4641

Originating Lender

First National Bank

Originating Lender City

Paragould

Originating Lender State

AR

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1218353.97

Forgiveness Date

04/12/2021

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