ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION (MI) - 2020 PPP Loan Borrower Profile (# 4739727005)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION. 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 Michigan.
Loan Detail
Loan Number
4739727005
SBA Office Code
0515
Processing Method
PPP
Curent Loan Amount
$373,600
Date Loan was Approved
Apr 4, 2020
Amount Forgiven
$378,041.69
Date Loan was Forgiven
Jun 17, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
373,600
Lender
Baybank
Business Detail
Business Type
Cooperative
NAICS
221122
Borrower Location
GLADSTONE, MI
Project Location
GLADSTONE, MI
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
16
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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