PPP Loan information for Raccoon valley electric cooperative

$346,100

Raccoon valley electric cooperative was initially approved for PPP Loan of amount $346,100, the current approved amount is $346,100. The loan was approved on 04/30/2020 by The United Bank of Iowa reported 17 jobs and $346,100 was used to fund payroll.

Raccoon valley electric cooperative is Existing or more than 2 years old

PPP Loan Search / IA / GLIDDEN / Raccoon valley electric cooperative

RACCOON VALLEY ELECTRIC COOPERATIVE

Date Approved

04/30/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

RACCOON VALLEY ELECTRIC COOPERATIVE

Borrower Address

28725 HIGHWAY 30

Borrower City

GLIDDEN

Borrower State

IA

Borrower Zip

51443-8823

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

346100.00

Current Approval Amount

346100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25108

Servicing Lender Name

United Bank of Iowa

Servicing Lender Address

501 2nd St

Servicing Lender City

IDA GROVE

Servicing Lender State

IA

Servicing Lender Zip

51445-1304

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLIDDEN

Project County Name

CARROLL

Project State

IA

Project Zip

51443-8823

CD

IA-04

Jobs Reported

17

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

346100.00

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

25108

Originating Lender

United Bank of Iowa

Originating Lender City

IDA GROVE

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

347816.28

Forgiveness Date

11/03/2020

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