# PPP loan: JASPER-NEWTON ELECTRIC COOP, INC.
> **$2.11M** approved 04/14/2020 · Paid in Full · Loan `7019837107`
## Borrower
- **Name:** JASPER-NEWTON ELECTRIC COOP, INC.
- **Address:** 812 South Margaret Avenue, Kirbyville, TX, 75956-2419
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.11M
- **Initial approval:** $2.23M
- **Forgiven:** $2.13M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.11M
- **Jobs reported:** 141
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*