ADAMS RURAL ELECTRIC COOPERATIVE, INC. (OH) - 2020 PPP Loan Borrower Profile (# 6261537104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAMS 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 Ohio.

Loan Detail

Loan Number

6261537104

SBA Office Code

0593

Processing Method

PPP

Curent Loan Amount

$474,717

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$480,374.59

Date Loan was Forgiven

Jun 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

94,943

Payroll Proced

379,774

Lender

First State Bank

Business Detail

Business Type

Cooperative

NAICS

221118

Borrower Location

WEST UNION, OH

Project Location

WEST UNION, OH

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.