# PPP loan: SOUTHERN STATES SOMERSET COOPERATIVE INC
> **$218K** approved 04/10/2020 · Paid in Full · Loan `2264947106`
## Borrower
- **Name:** SOUTHERN STATES SOMERSET COOPERATIVE INC
- **Address:** 271 US Hwy 2227, SOMERSET, KY, 42503-1580
- **NAICS:** 493130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Jobs reported:** 18
## Lender
- **Originating:** South Central Bank, Inc.
- **Servicing:** South Central Bank, Inc. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*