# PPP loan: DELTA-MONTROSE ELECTRIC ASSOCIATION
> **$2.45M** approved 05/14/2020 · Paid in Full · Loan `6467337403`
## Borrower
- **Name:** DELTA-MONTROSE ELECTRIC ASSOCIATION
- **Address:** 11925 6300 Road, MONTROSE, CO, 81401
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.45M
- **Initial approval:** $2.45M
- **Forgiven:** $2.47M (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.45M
- **Jobs reported:** 118
## Lender
- **Originating:** Alpine Bank
- **Servicing:** Alpine Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*