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Norris Electric Cooperative

$1,375,039 PPP Loan in Newton, Illinois

Loan Details

Loan Number
8301047409
Date Approved
May 18, 2020
Loan Status
Paid in Full
Initial Approval
$1,375,039
Current Approval
$1,375,039
Forgiveness Amount
$1,392,142
Forgiveness Date
Aug 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Norris Electric Cooperative
Address
8543 N. State Highway 130
City
Newton
State
Illinois
ZIP Code
62448-4060
Business Type
Cooperative
Industry (NAICS)
Utilities (221122)
Business Age
Existing or more than 2 years old
Jobs Reported
58
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
IL-12

Loan Use Breakdown

Payroll
$1,375,039

Lender Information

Servicing Lender
The Peoples State Bank of Newton, Illinois
Originating Lender
The Peoples State Bank of Newton, Illinois

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