# PPP loan: GLADES ELECTRIC COOPERATIVE INC
> **$1.03M** approved 04/03/2020 · Paid in Full · Loan `4463847004`
## Borrower
- **Name:** GLADES ELECTRIC COOPERATIVE INC
- **Address:** 26733 US HIGHWAY 27, MOORE HAVEN, FL, 33471-6226
- **NAICS:** 221121
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $773K
- **Utilities:** $258K
- **Jobs reported:** 67
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*