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Cherryland Electric Cooperative

$1,301,000 PPP Loan in Grawn, Michigan

Loan Details

Loan Number
3036127306
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$1,301,000
Current Approval
$1,301,000
Forgiveness Amount
$1,310,288
Forgiveness Date
Jan 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cherryland Electric Cooperative
Address
5930 US Highway 31
City
Grawn
State
Michigan
ZIP Code
49637-9683
Business Type
Cooperative
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$1,301,000

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
Pnc Bank, National Association

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