# PPP loan: BEAUREGARD ELECTRIC COOPERATIVE
> **$2.51M** approved 07/09/2020 · Paid in Full · Loan `1429388105`
## Borrower
- **Name:** BEAUREGARD ELECTRIC COOPERATIVE
- **Address:** 1010 E 1st Street, DeRidder, LA, 70634
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.51M
- **Jobs reported:** 128
## Lender
- **Originating:** First National Bank in DeRidder
- **Servicing:** First National Bank in DeRidder (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*