PPP Loan information for The center for rural development inc.

$440,400

The center for rural development inc. was initially approved for PPP Loan of amount $440,400, the current approved amount is $440,400. The loan was approved on 02/10/2021 by The The Citizens National Bank of Somerset reported 27 jobs and $440,400 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

02/10/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

THE CENTER FOR RURAL DEVELOPMENT INC.

Borrower Address

2292 S Highway 27

Borrower City

Somerset

Borrower State

KY

Borrower Zip

42501-2905

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

440400.00

Current Approval Amount

440400.00

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

27

NAICS Code

518210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

440398.00

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

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

442455.20

Forgiveness Date

08/04/2021

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