# PPP loan: VERNON ELECTRIC COOPERATIVE
> **$826K** approved 04/27/2020 · Paid in Full · Loan `3637057206`
## Borrower
- **Name:** VERNON ELECTRIC COOPERATIVE
- **Address:** 110 Saugstad Road, Westby, WI, 54667
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $826K
- **Initial approval:** $826K
- **Forgiven:** $793K (96%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $660K
- **Mortgage interest:** $166K
- **Jobs reported:** 29
## Lender
- **Originating:** Westby Co-op CU
- **Servicing:** Westby Co-op CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*