Powell Valley Electric Cooperative

$1,254,100 PPP Loan in New Tazewell, Tennessee

Loan Details

Loan Number
9878867102
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,254,100
Current Approval
$1,254,100
Forgiveness Amount
$1,268,290
Forgiveness Date
Jul 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powell Valley Electric Cooperative
Address
420 Straight Creek Road
ZIP Code
37825
Business Type
501(c) � Non Profit Except 3,4,6,19
Industry (NAICS)
Public Administration (921120)
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
N/A
Rural/Urban
Rural
Congressional District
TN-02

Loan Use Breakdown

Payroll
$1,254,100

Lender Information

Servicing Lender
Customers Bank
Originating Lender
Readycap Lending, LLC

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