# PPP loan: BARROW UTILITIES AND ELECTRIC COOPERATIVE INC
> **$1.42M** approved 06/16/2020 · Paid in Full · Loan `6443657901`
## Borrower
- **Name:** BARROW UTILITIES AND ELECTRIC COOPERATIVE INC
- **Address:** PO Box 449/ 1295 Agvik st, BARROW, AK, 99723
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.19M
- **Rent:** $17K
- **Utilities:** $217K
- **Jobs reported:** 72
## Lender
- **Originating:** Native American Bank, National Association
- **Servicing:** Native American Bank, National Association (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*