PPP Loan information for Rich mountain electric cooperative, inc

$580,074

Rich mountain electric cooperative, inc was initially approved for PPP Loan of amount $580,074, the current approved amount is $580,074. The loan was approved on 05/18/2020 by The The Union Bank of Mena reported 32 jobs and $580,074 was used to fund payroll.

Rich mountain electric cooperative, inc is Existing or more than 2 years old

PPP Loan Search / AR / MENA / Rich mountain electric cooperative, inc

RICH MOUNTAIN ELECTRIC COOPERATIVE, INC

Date Approved

05/18/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

RICH MOUNTAIN ELECTRIC COOPERATIVE, INC

Borrower Address

515 JANSSEN AVE

Borrower City

MENA

Borrower State

AR

Borrower Zip

71953-3265

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

580074.00

Current Approval Amount

580074.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4563

Servicing Lender Name

The Union Bank of Mena

Servicing Lender Address

303 Hwy 71 N

Servicing Lender City

MENA

Servicing Lender State

AR

Servicing Lender Zip

71953-4349

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MENA

Project County Name

POLK

Project State

AR

Project Zip

71953-3265

CD

AR-04

Jobs Reported

32

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

580074.00

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

Non-Profit Organization

Originating Lender Location Id

4563

Originating Lender

The Union Bank of Mena

Originating Lender City

MENA

Originating Lender State

AR

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

586390.36

Forgiveness Date

06/17/2021

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