# PPP loan: CHOPTANK ELECTRIC COOPERATIVE, INC.
> **$3.98M** approved 07/16/2020 · Paid in Full · Loan `4279698101`
## Borrower
- **Name:** CHOPTANK ELECTRIC COOPERATIVE, INC.
- **Address:** 10384 RIVER RD, DENTON, MD, 21629-1914
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.98M
- **Initial approval:** $3.98M
- **Forgiven:** $4.01M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.98M
- **Jobs reported:** 155
## 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*