# PPP loan: NAKNEK ELECTRIC ASSOCIATION, INC.
> **$441K** approved 01/20/2021 · Paid in Full · Loan `2113248303`
## Borrower
- **Name:** NAKNEK ELECTRIC ASSOCIATION, INC.
- **Address:** 1  School Road, Naknek, AK, 99633-0001
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $441K
- **Initial approval:** $441K
- **Forgiven:** $444K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $441K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Native American Bank, National Association
- **Servicing:** Native American Bank, National Association (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*