PPP Loan information for Lynches river electric cooperative, inc

$824,000

Lynches river electric cooperative, inc was initially approved for PPP Loan of amount $824,000, the current approved amount is $824,000. The loan was approved on 04/08/2020 by The First Palmetto Bank reported 58 jobs and $824,000 was used to fund payroll.

Lynches river electric cooperative, inc is Existing or more than 2 years old

PPP Loan Search / SC / PAGELAND / Lynches river electric cooperative, inc

LYNCHES RIVER ELECTRIC COOPERATIVE, INC

Date Approved

04/08/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

LYNCHES RIVER ELECTRIC COOPERATIVE, INC

Borrower Address

707 S Arant Street

Borrower City

PAGELAND

Borrower State

SC

Borrower Zip

29728-8224

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

824000.00

Current Approval Amount

824000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79252

Servicing Lender Name

First Palmetto Bank

Servicing Lender Address

407 DeKalb St

Servicing Lender City

CAMDEN

Servicing Lender State

SC

Servicing Lender Zip

29020-4437

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PAGELAND

Project County Name

CHESTERFIELD

Project State

SC

Project Zip

29728-8224

CD

SC-07

Jobs Reported

58

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

824000.00

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

79252

Originating Lender

First Palmetto Bank

Originating Lender City

CAMDEN

Originating Lender State

SC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

833842.22

Forgiveness Date

06/22/2021

;