# PPP loan: RACCOON VALLEY ELECTRIC COOPERATIVE
> **$346K** approved 04/30/2020 · Paid in Full · Loan `4823487302`
## Borrower
- **Name:** RACCOON VALLEY ELECTRIC COOPERATIVE
- **Address:** 28725 HIGHWAY 30, GLIDDEN, IA, 51443-8823
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $346K
- **Jobs reported:** 17
## Lender
- **Originating:** United Bank of Iowa
- **Servicing:** United Bank of Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*