# PPP loan: HEARTLAND POWER COOPERATIVE
> **$505K** approved 04/06/2020 · Paid in Full · Loan `5624987007`
## Borrower
- **Name:** HEARTLAND POWER COOPERATIVE
- **Address:** 216 Jackson St, THOMPSON, IA, 50478-5012
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $424K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 22
## Lender
- **Originating:** St. Ansgar State Bank
- **Servicing:** St. Ansgar State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*