# PPP loan: SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE
> **$3.09M** approved 03/13/2021 · Paid in Full · Loan `1845268604`
## Borrower
- **Name:** SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE
- **Address:** 200 Electric Ave, Somerset, KY, 42501-3115
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.09M
- **Initial approval:** $3.09M
- **Forgiven:** $3.10M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.09M
- **Jobs reported:** 138
## Lender
- **Originating:** The Citizens National Bank of Somerset
- **Servicing:** The Citizens National Bank of Somerset (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*