Utilities District of Western Indiana Rural Electric Members

$1,000,000 PPP Loan in Bloomfield, Indiana

Loan Details

Loan Number
6623807209
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,000,000
Current Approval
$1,000,000
Forgiveness Amount
$1,008,722
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Utilities District of Western Indiana Rural Electric Members
Address
1666 State Road 54
State
Indiana
ZIP Code
47424-5193
Business Type
Cooperative
Industry (NAICS)
Construction (237130)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$14.9M
Rural/Urban
Rural
Congressional District
IN-08

Loan Use Breakdown

Payroll
$950,000
Rent
$50,000

Lender Information

Servicing Lender
Farmers & Mechanics Federal Savings Bank
Originating Lender
Farmers & Mechanics Federal Savings Bank

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