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Redwood Electric Cooperative

$471,500 PPP Loan in Clements, Minnesota

Loan Details

Loan Number
1069117202
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$471,500
Current Approval
$471,500
Forgiveness Amount
$477,003
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Redwood Electric Cooperative
Address
60 Pine St
City
Clements
State
Minnesota
ZIP Code
56224-5000
Business Type
Cooperative
Industry (NAICS)
Utilities (221112)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$471,500

Lender Information

Servicing Lender
Minnwest Bank
Originating Lender
Minnwest Bank

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