BUTTE ELECTRIC COOPERATIVE INC (SD) - 2020 PPP Loan Borrower Profile (# 6356418908)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BUTTE 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 South Dakota.

Loan Detail

Loan Number

6356418908

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$279,286

Date Loan was Approved

May 1, 2021

Amount Forgiven

$280,632.69

Date Loan was Forgiven

Oct 29, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

279,282

Lender

First National Bank

Business Detail

Business Type

Corporation

NAICS

221122

Borrower Location

NEWELL, SD

Project Location

NEWELL, SD

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.