CAVALIER RURAL ELECTRIC COOPERATIVE, INC. (ND) - 2020 PPP Loan Borrower Profile (# 4130788008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CAVALIER RURAL ELECTRIC COOPERATIVE, INC.. 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 North Dakota.

Loan Detail

Loan Number

4130788008

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$307,000

Date Loan was Approved

Jun 25, 2020

Amount Forgiven

$309,737.42

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

307,000

Lender

CoBank ACB

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

LANGDON, ND

Project Location

LANGDON, ND

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.