# PPP loan: RAPPAHANNOCK ELECTRIC COOPERATIVE
> **$8.49M** approved 06/23/2020 · Paid in Full · Loan `2062568010`
## Borrower
- **Name:** RAPPAHANNOCK ELECTRIC COOPERATIVE
- **Address:** 247 INDUSTRIAL CT, FREDERICKSBURG, VA, 22408-2443
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.49M
- **Initial approval:** $8.49M
- **Forgiven:** $8.57M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $8.49M
- **Jobs reported:** 430
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*