PPP Loan information for Franklin rural electric cooperative

$220,000

Franklin rural electric cooperative was initially approved for PPP Loan of amount $220,000, the current approved amount is $220,000. The loan was approved on 04/27/2020 by The First Bank Hampton reported 14 jobs and $220,000 was used to fund payroll.

Franklin rural electric cooperative is Existing or more than 2 years old

PPP Loan Search / IA / HAMPTON / Franklin rural electric cooperative

FRANKLIN RURAL ELECTRIC COOPERATIVE

Date Approved

04/27/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

FRANKLIN RURAL ELECTRIC COOPERATIVE

Borrower Address

1560 Hwy 65 N

Borrower City

HAMPTON

Borrower State

IA

Borrower Zip

50441-0437

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

220000.00

Current Approval Amount

220000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25065

Servicing Lender Name

First Bank Hampton

Servicing Lender Address

211 First Ave NW

Servicing Lender City

HAMPTON

Servicing Lender State

IA

Servicing Lender Zip

50441-1706

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAMPTON

Project County Name

FRANKLIN

Project State

IA

Project Zip

50441-0437

CD

IA-04

Jobs Reported

14

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

220000.00

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

25065

Originating Lender

First Bank Hampton

Originating Lender City

HAMPTON

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

221289.86

Forgiveness Date

12/02/2020

;