# PPP loan: COLBERT FARMERS COOPERATIVE
> **$311K** approved 04/13/2020 · Paid in Full · Loan `5717457109`
## Borrower
- **Name:** COLBERT FARMERS COOPERATIVE
- **Address:** 121 Somerville Rd, Decatur, AL, 35601-2659
- **NAICS:** 444220
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Jobs reported:** 28
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*