# PPP loan: HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORP.
> **$1.30M** approved 01/17/2021 · Paid in Full · Loan `1406148307`
## Borrower
- **Name:** HENDRICKS COUNTY RURAL ELECTRIC MEMBERSHIP CORP.
- **Address:** 86 N County Road 500 E, Avon, IN, 46123-9481
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 76
## Lender
- **Originating:** The North Salem State Bank
- **Servicing:** The North Salem State Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*