# PPP loan: DEAF SMITH ELECTRIC COOPERATIVE INC.
> **$1.22M** approved 04/28/2020 · Paid in Full · Loan `6698417204`
## Borrower
- **Name:** DEAF SMITH ELECTRIC COOPERATIVE INC.
- **Address:** 1501 E 1ST ST, HEREFORD, TX, 79045-4765
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $916K
- **Utilities:** $305K
- **Jobs reported:** 55
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*