# PPP loan: FARMERS COOPERATIVE ELEVATOR COMPANY
> **$697K** approved 04/06/2020 · Paid in Full · Loan `5750467005`
## Borrower
- **Name:** FARMERS COOPERATIVE ELEVATOR COMPANY
- **Address:** 106 S Ave PO Box 340, CHENEY, KS, 67025-9255
- **NAICS:** 111199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $704K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Health care:** $88K
- **Jobs reported:** 62
## Lender
- **Originating:** Garden Plain State Bank
- **Servicing:** Garden Plain State Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*