# PPP loan: NORTH ALABAMA ELECTRIC COOPERATIVE
> **$888K** approved 04/30/2020 · Paid in Full · Loan `6740147309`
## Borrower
- **Name:** NORTH ALABAMA ELECTRIC COOPERATIVE
- **Address:** 41103 HWY 72, STEVENSON, AL, 35772-4560
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $888K
- **Initial approval:** $888K
- **Forgiven:** $892K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $888K
- **Jobs reported:** 53
## Lender
- **Originating:** First Jackson Bank
- **Servicing:** First Jackson Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*