# PPP loan: K. C. ELECTRIC ASSOCIATION INC.
> **$642K** approved 03/27/2021 · Paid in Full · Loan `1964268705`
## Borrower
- **Name:** K. C. ELECTRIC ASSOCIATION INC.
- **Address:** 422 3rd Ave, Hugo, CO, 80821-5009
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $644K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $642K
- **Jobs reported:** 24
## Lender
- **Originating:** The First National Bank of Hugo
- **Servicing:** The First National Bank of Hugo (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*