# PPP loan: MOUNTAIN ELECTRIC COOPERATIVE
> **$1.35M** approved 04/30/2020 · Paid in Full · Loan `4997197309`
## Borrower
- **Name:** MOUNTAIN ELECTRIC COOPERATIVE
- **Address:** 604 S CHURCH ST, MOUNTAIN CITY, TN, 37683-1844
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 86
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*