PPP Loan information for The center for rural development, inc

$452,500

The center for rural development, inc was initially approved for PPP Loan of amount $393,000, the current approved amount is $452,500. The loan was approved on 04/04/2020 by The The Citizens National Bank of Somerset reported 42 jobs and $452,500 was used to fund payroll.

The center for rural development, inc is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / The center for rural development, inc

THE CENTER FOR RURAL DEVELOPMENT, INC

Date Approved

04/04/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

THE CENTER FOR RURAL DEVELOPMENT, INC

Borrower Address

2292 S HIGHWAY 27 Suite 300

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-2905

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

393000.00

Current Approval Amount

452500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27925

Servicing Lender Name

The Citizens National Bank of Somerset

Servicing Lender Address

44 Public Sq

Servicing Lender City

SOMERSET

Servicing Lender State

KY

Servicing Lender Zip

42501-1414

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-2905

CD

KY-05

Jobs Reported

42

NAICS Code

925120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

29250.00

Payroll Proceed

354250.00

Mortgage Interest Proceed

9000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

60000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

27925

Originating Lender

The Citizens National Bank of Somerset

Originating Lender City

SOMERSET

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

455491.53

Forgiveness Date

12/04/2020

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