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Cooperative Energy Company

$1,297,696 PPP Loan in Sibley, Iowa

Loan Details

Loan Number
8406217005
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$1,297,696
Current Approval
$1,297,696
Forgiveness Amount
$1,305,265
Forgiveness Date
Nov 16, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Cooperative Energy Company
Address
1708 Pierce Avenue
City
Sibley
State
Iowa
ZIP Code
51249-7091
Business Type
Cooperative
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$26.1M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$1,122,516
Health Care
$175,180

Lender Information

Servicing Lender
Sibley State Bank
Originating Lender
Sibley State Bank

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