PPP Loan information for Rio electric

$50,000

Rio electric was initially approved for PPP Loan of amount $53,300, the current approved amount is $50,000. The loan was approved on 05/06/2020 by The Cache Valley Bank reported 7 jobs and $50,000 was used to fund payroll.

Rio electric is Existing or more than 2 years old

PPP Loan Search / NM / Espaola / Rio electric

RIO ELECTRIC

Date Approved

05/06/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

RIO ELECTRIC

Borrower Address

17 Private Drive 1339

Borrower City

Espaola

Borrower State

NM

Borrower Zip

87532-9802

Loan Status Date

05/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53300.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72251

Servicing Lender Name

Cache Valley Bank

Servicing Lender Address

101 N Main St

Servicing Lender City

LOGAN

Servicing Lender State

UT

Servicing Lender Zip

84321-4525

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Española

Project County Name

RIO ARRIBA

Project State

NM

Project Zip

87532-9802

CD

NM-03

Jobs Reported

7

NAICS Code

999990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50000.00

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

Subchapter S Corporation

Originating Lender Location Id

72251

Originating Lender

Cache Valley Bank

Originating Lender City

LOGAN

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50434.72

Forgiveness Date

03/25/2021

;