# PPP loan: CAVALIER RURAL ELECTRIC COOPERATIVE, INC.
> **$307K** approved 06/25/2020 · Paid in Full · Loan `4130788008`
## Borrower
- **Name:** CAVALIER RURAL ELECTRIC COOPERATIVE, INC.
- **Address:** 1111 9TH AVE, LANGDON, ND, 58249-1903
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Unanswered
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Jobs reported:** 12
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*