# PPP loan: SAN MIGUEL POWER ASSOCIATION
> **$1.50M** approved 05/11/2020 · Paid in Full · Loan `4916787406`
## Borrower
- **Name:** SAN MIGUEL POWER ASSOCIATION
- **Address:** 170 W. 10th Ave, NUCLA, CO, 81424-5038
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Mortgage interest:** $188K
- **Utilities:** $188K
- **Jobs reported:** 57
## Lender
- **Originating:** The Citizens State Bank of Ouray
- **Servicing:** The Citizens State Bank of Ouray (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*