# PPP loan: T.I.P. RURAL ELECTRIC COOPERATIVE
> **$425K** approved 05/29/2020 · Paid in Full · Loan `4928227802`
## Borrower
- **Name:** T.I.P. RURAL ELECTRIC COOPERATIVE
- **Address:** 612 W Des Moines St PO Box 534, BROOKLYN, IA, 52211-7752
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Unanswered
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $427K (101%)
- **Forgiveness date:** 12/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Jobs reported:** 29
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*