PPP Loan information for Tombigbee electric cooperative inc

$417,850

Tombigbee electric cooperative inc was initially approved for PPP Loan of amount $417,850, the current approved amount is $417,850. The loan was approved on 05/01/2020 by The State Bank & Trust reported 27 jobs and $417,850 was used to fund payroll.

Tombigbee electric cooperative inc is Existing or more than 2 years old

PPP Loan Search / AL / HAMILTON / Tombigbee electric cooperative inc

TOMBIGBEE ELECTRIC COOPERATIVE INC

Date Approved

05/01/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

TOMBIGBEE ELECTRIC COOPERATIVE INC

Borrower Address

3196 COUNTY HIGHWAY 55

Borrower City

HAMILTON

Borrower State

AL

Borrower Zip

35570-7630

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

417850.00

Current Approval Amount

417850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3379

Servicing Lender Name

State Bank & Trust

Servicing Lender Address

1945 US Hwy 43

Servicing Lender City

WINFIELD

Servicing Lender State

AL

Servicing Lender Zip

35594-5158

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAMILTON

Project County Name

MARION

Project State

AL

Project Zip

35570-7630

CD

AL-04

Jobs Reported

27

NAICS Code

221118

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

104462.50

Payroll Proceed

313387.50

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

3379

Originating Lender

State Bank & Trust

Originating Lender City

WINFIELD

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

421030.30

Forgiveness Date

02/04/2021

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