# PPP loan: RUSHMORE ELECTRIC POWER COOPERATIVE INC
> **$492K** approved 03/27/2021 · Paid in Full · Loan `1749488709`
## Borrower
- **Name:** RUSHMORE ELECTRIC POWER COOPERATIVE INC
- **Address:** 1715 Cambell St, Rapid City, SD, 57701-3949
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $492K
- **Initial approval:** $492K
- **Forgiven:** $494K (100%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $492K
- **Jobs reported:** 20
## Lender
- **Originating:** Security First Bank
- **Servicing:** Security First Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*