BENTON ELECTRIC SYSTEM (KY) - 2020 PPP Loan Borrower Profile (# 2932899005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BENTON ELECTRIC SYSTEM. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Kentucky.

Loan Detail

Loan Number

2932899005

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$246,951.42

Date Loan was Approved

May 18, 2021

Amount Forgiven

$248,176.03

Date Loan was Forgiven

Dec 2, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

246,951.42

Lender

Community Financial Services Bank

Business Detail

Business Type

501(c)6 ¿ Non Profit Membership

NAICS

221122

Borrower Location

Benton, KY

Project Location

Benton, KY

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.