PPP Loan information for Southwest iowa rural electric cooperative

$524,793

Southwest iowa rural electric cooperative was initially approved for PPP Loan of amount $524,793, the current approved amount is $524,793. The loan was approved on 04/29/2020 by The First Interstate Bank reported 26 jobs and $524,793 was used to fund payroll.

Southwest iowa rural electric cooperative is Existing or more than 2 years old

PPP Loan Search / IA / CORNING / Southwest iowa rural electric cooperative

SOUTHWEST IOWA RURAL ELECTRIC COOPERATIVE

Date Approved

04/29/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SOUTHWEST IOWA RURAL ELECTRIC COOPERATIVE

Borrower Address

1801 Grove Avenue

Borrower City

CORNING

Borrower State

IA

Borrower Zip

50841

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

524792.50

Current Approval Amount

524792.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41844

Servicing Lender Name

First Interstate Bank

Servicing Lender Address

401 N 31st St

Servicing Lender City

BILLINGS

Servicing Lender State

MT

Servicing Lender Zip

59101-1200

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CORNING

Project County Name

ADAMS

Project State

IA

Project Zip

50841-0001

CD

IA-03

Jobs Reported

26

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

524792.50

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

41844

Originating Lender

First Interstate Bank

Originating Lender City

BILLINGS

Originating Lender State

MT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

528631.39

Forgiveness Date

01/27/2021

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