Taylor Electric Cooperative, Inc.

$1,798,770 PPP Loan in Merkel, Texas

Loan Details

Loan Number
6733447209
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,798,770
Current Approval
$1,798,770
Forgiveness Amount
$1,815,009
Forgiveness Date
Mar 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Taylor Electric Cooperative, Inc.
Address
226 Cr 287
City
Merkel
State
Texas
ZIP Code
79536-0250
Business Type
Cooperative
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
82
Estimated Revenue
N/A
Rural/Urban
Urban
Congressional District
TX-19

Loan Use Breakdown

Payroll
$1,349,078
Utilities
$449,693

Lender Information

Servicing Lender
First Financial Bank
Originating Lender
First Financial Bank

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