LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE, INC. by Sutton Bank. The loan was approved on 4/29/2020 in the range of $350,000-1 million.

Business Information

Name:

LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE, INC.

22898 WEST RD
WELLINGTON, OH 44090
Business type: Cooperative
Utilities
→ Electric Power Distribution
Non-profit: No
Loan amount: $350,000-1 million
(50 Jobs retained)
Date approved: April 29, 2020
Lender Sutton Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.