# PPP loan: OKLAHOMA ELECTRIC COOPERATIVE
> **$3.64M** approved 04/06/2020 · Paid in Full · Loan `6078867002`
## Borrower
- **Name:** OKLAHOMA ELECTRIC COOPERATIVE
- **Address:** 242 24th Ave NW, NORMAN, OK, 73069-6371
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.64M
- **Initial approval:** $3.48M
- **Forgiven:** $3.68M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.64M
- **Jobs reported:** 170
## Lender
- **Originating:** Armstrong Bank
- **Servicing:** Armstrong Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*