# PPP loan: ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION
> **$374K** approved 04/04/2020 · Paid in Full · Loan `4739727005`
## Borrower
- **Name:** ALGER DELTA COOPERATIVE ELECTRIC ASSOCIATION
- **Address:** 426 N  9TH ST, GLADSTONE, MI, 49837-1120
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $374K
- **Initial approval:** $374K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $374K
- **Jobs reported:** 16
## Lender
- **Originating:** Baybank
- **Servicing:** Baybank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*