Stearns Cooperative Electric Association

$215,000 PPP Loan in Melrose, Minnesota

Loan Details

Loan Number
3644247104
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$215,000
Current Approval
$215,000
Forgiveness Amount
$151,098
Forgiveness Date
Sep 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Stearns Cooperative Electric Association
Address
900 Kraft Dr SE
ZIP Code
56352-1455
Business Type
Cooperative
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$215,000

Lender Information

Servicing Lender
Magnifi Financial Cu
Originating Lender
Magnifi Financial Cu

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