# PPP loan: NUECES ELECTRIC COOPERATIVE, INC
> **$1.46M** approved 05/21/2020 · Paid in Full · Loan `1640987804`
## Borrower
- **Name:** NUECES ELECTRIC COOPERATIVE, INC
- **Address:** 14353 COOPERATIVE AVE, CORPUS CHRISTI, TX, 78380-4600
- **NAICS:** 221113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.46M
- **Jobs reported:** 79
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*