# PPP loan: NEW ENTERPRISE RURAL ELECTRIC
> **$272K** approved 06/26/2020 · Paid in Full · Loan `4780828009`
## Borrower
- **Name:** NEW ENTERPRISE RURAL ELECTRIC
- **Address:** 3596 W Brumbaugh Rd, NEW ENTERPRISE, PA, 16664-8814
- **NAICS:** 221121
- **Business type:** Cooperative
- **Business age:** Unanswered
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $272K
- **Jobs reported:** 14
## Lender
- **Originating:** Reliance Savings Bank
- **Servicing:** Reliance Savings Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*