CENTRAL ELECTRIC COOPERATIVE INC (SD) - 2020 PPP Loan Borrower Profile (# 3835827703)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CENTRAL 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

3835827703

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$850,135

Date Loan was Approved

May 1, 2020

Amount Forgiven

$861,897.14

Date Loan was Forgiven

Sep 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

850,135

Lender

Wells Fargo Bank, National Association

Business Detail

Business Type

NAICS

221122

Borrower Location

MITCHELL, SD

Project Location

MITCHELL, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.