Lorain-Medina Rural Electric Cooperative, Inc.
$638,000 PPP Loan in Wellington, Ohio
Loan Details
- Loan Number
- 3571737303
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $638,000
- Current Approval
- $638,000
- Forgiveness Amount
- $645,691
- Forgiveness Date
- Jul 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lorain-Medina Rural Electric Cooperative, Inc.
- Address
- 22898 West Rd
- City
- Wellington
- State
- Ohio
- ZIP Code
- 44090-9474
- Business Type
- Cooperative
- Industry (NAICS)
- Utilities (221122)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 40
- Estimated Revenue
- N/A
- Rural/Urban
- Urban
- Congressional District
- OH-05
Loan Use Breakdown
- Payroll
- $468,000
- Rent
- $10,000
- Utilities
- $25,000
- Health Care
- $135,000
Lender Information
- Servicing Lender
- Sutton Bank
- Originating Lender
- Sutton Bank
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