# PPP loan: ROUGHRIDER ELECTRIC COOPERATIVE INC
> **$1.30M** approved 04/03/2020 · Paid in Full · Loan `4370127001`
## Borrower
- **Name:** ROUGHRIDER ELECTRIC COOPERATIVE INC
- **Address:** 800 HIGHWAY DR, HAZEN, ND, 58545-4701
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 43
## Lender
- **Originating:** Starion Bank
- **Servicing:** Starion Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*