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Planters Electric Membership Corporation

$936,884 PPP Loan in Millen, Georgia

Loan Details

Loan Number
7206147009
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$936,884
Current Approval
$936,884
Forgiveness Amount
$943,891
Forgiveness Date
Jan 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Planters Electric Membership Corporation
Address
US Highway 25
City
Millen
State
Georgia
ZIP Code
30442-6619
Business Type
Cooperative
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
GA-12

Loan Use Breakdown

Payroll
$749,507
Utilities
$9,361
Health Care
$25,341
Mortgage Interest
$152,675

Lender Information

Servicing Lender
Durden Banking Co., Inc.
Originating Lender
Durden Banking Co., Inc.

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