PPP Loan information for T.i.p. rural electric cooperative

$425,000

T.i.p. rural electric cooperative was initially approved for PPP Loan of amount $425,000, the current approved amount is $425,000. The loan was approved on 05/29/2020 by The First State Bank reported 29 jobs and $425,000 was used to fund payroll.

T.i.p. rural electric cooperative is Unanswered

PPP Loan Search / IA / BROOKLYN / T.i.p. rural electric cooperative

T.I.P. RURAL ELECTRIC COOPERATIVE

Date Approved

05/29/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

T.I.P. RURAL ELECTRIC COOPERATIVE

Borrower Address

612 W Des Moines St PO Box 534

Borrower City

BROOKLYN

Borrower State

IA

Borrower Zip

52211-7752

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

425000.00

Current Approval Amount

425000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25209

Servicing Lender Name

First State Bank

Servicing Lender Address

413 East St

Servicing Lender City

LYNNVILLE

Servicing Lender State

IA

Servicing Lender Zip

50153-8553

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

BROOKLYN

Project County Name

POWESHIEK

Project State

IA

Project Zip

52211-7752

CD

IA-02

Jobs Reported

29

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

425000.00

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

Cooperative

Originating Lender Location Id

25209

Originating Lender

First State Bank

Originating Lender City

LYNNVILLE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

427172.22

Forgiveness Date

12/03/2020

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