As part of the Paycheck Protection Program NORRIS ELECTRIC COOPERATIVE was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

NORRIS ELECTRIC COOPERATIVE


Loan Amount	$1,375,039
BusinessName	NORRIS ELECTRIC COOPERATIVE
Address	8543 N. STATE HIGHWAY 130
City	NEWTON
State	IL
Zip	62448
NAICSCode	221122
BusinessType	Cooperative
RaceEthnicity	White
Gender	Female Owned
Veteran	Unanswered
NonProfit
JobsReported	58
DateApproved	05/18/2020
Lender	The Peoples State Bank of Newton, Illinois
CD	IL-15
BusinessName.clean	NORRIS ELECTRIC COOPERATIVE

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

NORRIS HOME FURNISHINGS
NORRIS INTERNATIONAL SERVICES
NORRIS MCLAUGHLIN PA
NORRIS PRECISION MFG
NORRIS SALES COMPANY