# PPP loan: MOR-GRAN-SOU ELECTRIC COOPERATIVE, INC
> **$650K** approved 04/03/2020 · Paid in Full · Loan `4371027008`
## Borrower
- **Name:** MOR-GRAN-SOU ELECTRIC COOPERATIVE, INC
- **Address:** 202 6TH AVE, FLASHER, ND, 58535-7131
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $657K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Jobs reported:** 23
## 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*