# PPP loan: BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION
> **$539K** approved 04/27/2020 · Paid in Full · Loan `5538997210`
## Borrower
- **Name:** BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION
- **Address:** 504 11TH ST, PAINTSVILLE, KY, 41240-1422
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $539K
- **Initial approval:** $539K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $539K
- **Jobs reported:** 41
## Lender
- **Originating:** Bank of the Mountains Inc
- **Servicing:** Bank of the Mountains Inc (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*