# PPP loan: SLOPE ELECTRIC COOPERATIVE, INC
> **$506K** approved 04/03/2020 · Paid in Full · Loan `4368887007`
## Borrower
- **Name:** SLOPE ELECTRIC COOPERATIVE, INC
- **Address:** 116 E 12th St, NEW ENGLAND, ND, 58647-7208
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $6K
- **Jobs reported:** 20
## Lender
- **Originating:** Starion Bank
- **Servicing:** Starion Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*