# PPP loan: COOPERATIVE FARMERS ELEVATOR
> **$5.68M** approved 04/04/2020 · Paid in Full · Loan `5035727001`
## Borrower
- **Name:** COOPERATIVE FARMERS ELEVATOR
- **Address:** 1508 14th Street, ROCK VALLEY, IA, 51247-1132
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.68M
- **Initial approval:** $5.68M
- **Forgiven:** $5.71M (100%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.68M
- **Jobs reported:** 398
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*