DAKOTA VALLEY ELECTRIC CO-OP (ND) - 2020 PPP Loan Borrower Profile (# 5427817406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DAKOTA VALLEY ELECTRIC CO-OP. 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

5427817406

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$736,190

Date Loan was Approved

May 12, 2020

Amount Forgiven

$740,954.79

Date Loan was Forgiven

Jan 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

736,190

Lender

North Star Community CU

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

Edgeley, ND

Project Location

Edgeley, ND

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.