Somerset Rural Electric Cooperative INC

$860,097 PPP Loan in Somerset, Pennsylvania

Loan Details

Loan Number
1879717806
Date Approved
May 22, 2020
Loan Status
Paid in Full
Initial Approval
$860,097
Current Approval
$860,097
Forgiveness Amount
$863,848
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Somerset Rural Electric Cooperative INC
Address
223 Industrial Park Road
ZIP Code
15501-3406
Business Type
Non-Profit Organization
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
PA-14

Loan Use Breakdown

Payroll
$860,097

Lender Information

Servicing Lender
Somerset Trust Company
Originating Lender
Somerset Trust Company

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