# PPP loan: FARMERS COOPERATIVE SOCIETY OF STAMFORD
> **$432K** approved 02/11/2021 · Exemption 4 · Loan `7066938406`
## Borrower
- **Name:** FARMERS COOPERATIVE SOCIETY OF STAMFORD
- **Address:** 504 S Swenson Street, Stamford, TX, 79553-5518
- **NAICS:** 115111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $286K (66%)
- **Forgiveness date:** 07/24/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $432K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** The First State Bank
- **Servicing:** The First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*