PPP Loan information for First cooperative association

$2,970,900

First cooperative association was initially approved for PPP Loan of amount $2,970,900, the current approved amount is $2,970,900. The loan was approved on 04/03/2020 by The Central Bank reported 250 jobs and $2,970,900 was used to fund payroll.

First cooperative association is Existing or more than 2 years old

PPP Loan Search / IA / CHEROKEE / First cooperative association

FIRST COOPERATIVE ASSOCIATION

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

FIRST COOPERATIVE ASSOCIATION

Borrower Address

960 Riverview Drive

Borrower City

CHEROKEE

Borrower State

IA

Borrower Zip

51012-1492

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2970900.00

Current Approval Amount

2970900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25506

Servicing Lender Name

Central Bank

Servicing Lender Address

600 Lake Ave

Servicing Lender City

STORM LAKE

Servicing Lender State

IA

Servicing Lender Zip

50588-1852

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHEROKEE

Project County Name

CHEROKEE

Project State

IA

Project Zip

51012-1492

CD

IA-04

Jobs Reported

250

NAICS Code

111199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2970900.00

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

25506

Originating Lender

Central Bank

Originating Lender City

STORM LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

3024376.20

Forgiveness Date

01/24/2022

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