# PPP loan: RURAL ELECTRIC
> **$2.50M** approved 04/10/2020 · Paid in Full · Loan `1982287109`
## Borrower
- **Name:** RURAL ELECTRIC
- **Address:** 9502 E MAIN ST, MESA, AZ, 85207-8821
- **NAICS:** 221122
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.50M
- **Jobs reported:** 154
## Lender
- **Originating:** Western State Bank
- **Servicing:** Western State Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*