# PPP loan: MENARD ELECTRIC COOPERATIVE
> **$806K** approved 05/15/2020 · Paid in Full · Loan `6987927407`
## Borrower
- **Name:** MENARD ELECTRIC COOPERATIVE
- **Address:** 14300 State Hwy 97, PETERSBURG, IL, 62675
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $806K
- **Initial approval:** $806K
- **Forgiven:** $815K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $806K
- **Jobs reported:** 33
## Lender
- **Originating:** Alliance Community Bank
- **Servicing:** Alliance Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*