# PPP loan: THUMB ELECTRIC COOPERATIVE
> **$774K** approved 04/13/2020 · Paid in Full · Loan `5504797102`
## Borrower
- **Name:** THUMB ELECTRIC COOPERATIVE
- **Address:** 2231 Main Street, UBLY, MI, 48475-0001
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $774K
- **Initial approval:** $774K
- **Forgiven:** $782K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $774K
- **Jobs reported:** 31
## Lender
- **Originating:** Northstar Bank
- **Servicing:** Northstar Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*