# PPP loan: MCLEAN ELECTRIC COOPERATIVE INC.
> **$518K** approved 02/25/2021 · Paid in Full · Loan `4385268508`
## Borrower
- **Name:** MCLEAN ELECTRIC COOPERATIVE INC.
- **Address:** 4031 Highway 37 Byp, Garrison, ND, 58540-9447
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 23
## 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*