# PPP loan: MARSHALL DEKALB ELETRIC COOPERATIVE
> **$1.22M** approved 04/16/2020 · Paid in Full · Loan `3017267209`
## Borrower
- **Name:** MARSHALL DEKALB ELETRIC COOPERATIVE
- **Address:** 10025 AL HIGHWAY 168, BOAZ, AL, 35957-1885
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Health care:** $190K
- **Jobs reported:** 59
## Lender
- **Originating:** Peoples Independent Bank
- **Servicing:** Peoples Independent Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*