# PPP loan: TRI COUNTY ELECTRIC COOPERATIVE INC.
> **$3.48M** approved 04/27/2020 · Paid in Full · Loan `3553417210`
## Borrower
- **Name:** TRI COUNTY ELECTRIC COOPERATIVE INC.
- **Address:** 600 NORTHWEST PKWY, AZLE, TX, 76020-2916
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.48M
- **Initial approval:** $3.48M
- **Forgiven:** $3.52M (101%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.48M
- **Jobs reported:** 203
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*