# PPP loan: SOUTH CENTRAL COOP
> **$2.17M** approved 04/13/2020 · Paid in Full · Loan `5605777106`
## Borrower
- **Name:** SOUTH CENTRAL COOP
- **Address:** 27875 County Road 27, SLEEPY EYE, MN, 56085
- **NAICS:** 115112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.17M
- **Initial approval:** $2.39M
- **Forgiven:** $2.20M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.59M
- **Mortgage interest:** $340K
- **Utilities:** $239K
- **Jobs reported:** 156
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*