# PPP loan: JEMEZ MOUNTAINS ELECTRIC COOP INC
> **$1.42M** approved 05/04/2020 · Paid in Full · Loan `1147117405`
## Borrower
- **Name:** JEMEZ MOUNTAINS ELECTRIC COOP INC
- **Address:** 19365 STATE ROAD 84-285, HERNANDEZ, NM, 87537
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 111
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*