PPP Loan information for Tallapoosa river electric cooperative inc.

$1,460,143

Tallapoosa river electric cooperative inc. was initially approved for PPP Loan of amount $1,460,143, the current approved amount is $1,460,143. The loan was approved on 05/21/2020 by The Farmers and Merchants Bank reported 68 jobs and $1,460,143 was used to fund payroll.

Tallapoosa river electric cooperative inc. is Existing or more than 2 years old

PPP Loan Search / AL / LAFAYETTE / Tallapoosa river electric cooperative inc.

TALLAPOOSA RIVER ELECTRIC COOPERATIVE INC.

Date Approved

05/21/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

TALLAPOOSA RIVER ELECTRIC COOPERATIVE INC.

Borrower Address

15163 US HIGHWAY 431 S

Borrower City

LAFAYETTE

Borrower State

AL

Borrower Zip

36862-5452

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1460142.90

Current Approval Amount

1460142.90

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2074

Servicing Lender Name

Farmers and Merchants Bank

Servicing Lender Address

2 First St North E

Servicing Lender City

LAFAYETTE

Servicing Lender State

AL

Servicing Lender Zip

36862

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAFAYETTE

Project County Name

CHAMBERS

Project State

AL

Project Zip

36862-5452

CD

AL-03

Jobs Reported

68

NAICS Code

221122

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1460142.90

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

2074

Originating Lender

Farmers and Merchants Bank

Originating Lender City

LAFAYETTE

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1472675.79

Forgiveness Date

03/29/2021

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