PPP Loan information for Kem electric cooperative inc

$368,000

Kem electric cooperative inc was initially approved for PPP Loan of amount $368,000, the current approved amount is $368,000. The loan was approved on 04/03/2020 by The Starion Bank reported 16 jobs and $368,000 was used to fund payroll.

Kem electric cooperative inc is Existing or more than 2 years old

PPP Loan Search / ND / LINTON / Kem electric cooperative inc

KEM ELECTRIC COOPERATIVE INC

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

KEM ELECTRIC COOPERATIVE INC

Borrower Address

107 S BROADWAY ST

Borrower City

LINTON

Borrower State

ND

Borrower Zip

58552-7026

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

368000.00

Current Approval Amount

368000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

118060

Servicing Lender Name

Starion Bank

Servicing Lender Address

333 N 4th St

Servicing Lender City

BISMARCK

Servicing Lender State

ND

Servicing Lender Zip

58501-4020

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LINTON

Project County Name

EMMONS

Project State

ND

Project Zip

58552-7026

CD

ND-

Jobs Reported

16

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

368000.00

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

118060

Originating Lender

Starion Bank

Originating Lender City

BISMARCK

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

372053.04

Forgiveness Date

05/21/2021

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