# PPP loan: MEADE COUNTY RURAL ELECTRIC COOP
> **$1.46M** approved 04/05/2020 · Paid in Full · Loan `5093527009`
## Borrower
- **Name:** MEADE COUNTY RURAL ELECTRIC COOP
- **Address:** 1351 Hwy 79, BRANDENBURG, KY, 40108-7004
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Health care:** $116K
- **Jobs reported:** 68
## Lender
- **Originating:** Meade County Bank
- **Servicing:** Meade County Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*