# PPP loan: TAYLOR ELECTRIC COOPERATIVE, INC.
> **$1.80M** approved 04/28/2020 · Paid in Full · Loan `6733447209`
## Borrower
- **Name:** TAYLOR ELECTRIC COOPERATIVE, INC.
- **Address:** 226 CR 287, MERKEL, TX, 79536-0250
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.80M
- **Initial approval:** $1.80M
- **Forgiven:** $1.82M (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Utilities:** $450K
- **Jobs reported:** 82
## 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*