# PPP loan: RAVALLI COUNTY ELECTRIC COOPERATIVE, INC
> **$717K** approved 04/14/2020 · Paid in Full · Loan `6071537103`
## Borrower
- **Name:** RAVALLI COUNTY ELECTRIC COOPERATIVE, INC
- **Address:** 143 BELL XING, VICTOR, MT, 59875-9529
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $717K
- **Initial approval:** $717K
- **Forgiven:** $722K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $538K
- **Rent:** $90K
- **Utilities:** $90K
- **Jobs reported:** 31
## Lender
- **Originating:** TrailWest Bank
- **Servicing:** TrailWest Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*