# PPP loan: FARMERS COOPERATIVE COMPRESS
> **$2.20M** approved 04/13/2020 · Paid in Full · Loan `4217677104`
## Borrower
- **Name:** FARMERS COOPERATIVE COMPRESS
- **Address:** PO Box 2877, LUBBOCK, TX, 79408
- **NAICS:** 493130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.20M
- **Forgiven:** $2.22M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.97M
- **Utilities:** $42K
- **Health care:** $186K
- **Jobs reported:** 231
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*