As part of the Paycheck Protection Program CLOVERLAND 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.

CLOVERLAND ELECTRIC COOPERATIVE


Loan Amount	$3,654,750
BusinessName	CLOVERLAND ELECTRIC COOPERATIVE
Address	725 East PORTAGE AVE
City	SAULT SAINTE MARIE
State	MI
Zip	49783
NAICSCode	221122
BusinessType	Cooperative
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	114
DateApproved	04/09/2020
Lender	Central Savings Bank
CD	MI-01
BusinessName.clean	CLOVERLAND 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

CLOVERLEAF ENTERPRISES
CLOVERNOOK HEALTHCARE
CLOVIS CHRYSLER DODGE JEEP RAM
CLOVIS HOMECARE
CLOW STAMPING COMPANY