# PPP loan: RURAL ELECTRIC COOPERATIVE, INC
> **$1.18M** approved 06/24/2020 · Paid in Full · Loan `3148918003`
## Borrower
- **Name:** RURAL ELECTRIC COOPERATIVE, INC
- **Address:** 13942 State Highway 76, LINDSAY, OK, 73052-9999
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 53
## Lender
- **Originating:** The First National Bank of Lindsay
- **Servicing:** The First National Bank of Lindsay (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*