# PPP loan: INNOVATIVE ENERGY ALLIANCE COOPERATIVE, INC
> **$552K** approved 04/03/2020 · Paid in Full · Loan `4373697003`
## Borrower
- **Name:** INNOVATIVE ENERGY ALLIANCE COOPERATIVE, INC
- **Address:** 116 E 12th St, NEW ENGLAND, ND, 58647-7208
- **NAICS:** 926130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $552K
- **Initial approval:** $552K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $552K
- **Jobs reported:** 24
## 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*