# PPP loan: GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION
> **$641K** approved 05/26/2020 · Paid in Full · Loan `3519307807`
## Borrower
- **Name:** GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION
- **Address:** 109 BAGBY PARK STREET, GRAYSON, KY, 41143-1203
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $647K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $641K
- **Jobs reported:** 41
## Lender
- **Originating:** The First National Bank of Grayson
- **Servicing:** The First National Bank of Grayson (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*