# PPP loan: FARMERS COOPERATIVE ELEVATOR CO.
> **$1.07M** approved 04/06/2020 · Paid in Full · Loan `5908887003`
## Borrower
- **Name:** FARMERS COOPERATIVE ELEVATOR CO.
- **Address:** 12543 190TH STREET, ARCADIA, IA, 51430-7701
- **NAICS:** 524210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Jobs reported:** 98
## Lender
- **Originating:** Availa Bank
- **Servicing:** Availa Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*