Cloverland Electric Cooperative
$3,654,750 PPP Loan in Sault Sainte Marie, Michigan
Loan Details
- Loan Number
- 9439167004
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,654,750
- Current Approval
- $3,654,750
- Forgiveness Amount
- $3,538,867
- Forgiveness Date
- Dec 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Cloverland Electric Cooperative
- Address
- 725 East Portage Ave
- State
- Michigan
- ZIP Code
- 49783-2439
- Business Type
- Cooperative
- Industry (NAICS)
- Utilities (221122)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 114
- Estimated Revenue
- N/A
- Rural/Urban
- Rural
- Congressional District
- MI-01
Loan Use Breakdown
- Payroll
- $2,923,800
- Mortgage Interest
- $730,950
Lender Information
- Servicing Lender
- Central Savings Bank
- Originating Lender
- Central Savings Bank
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|---|---|---|
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