# PPP loan: BUTTE ELECTRIC COOPERATIVE INC
> **$279K** approved 05/01/2021 · Paid in Full · Loan `6356418908`
## Borrower
- **Name:** BUTTE ELECTRIC COOPERATIVE INC
- **Address:** 109 S. DARTMOUTH AVENUE, NEWELL, SD, 57760
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $279K
- **Initial approval:** $279K
- **Forgiven:** $281K (100%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $279K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*