# PPP loan: JACKSON ELECTRIC COOPERATIVE INC
> **$1.52M** approved 05/15/2020 · Paid in Full · Loan `7087747400`
## Borrower
- **Name:** JACKSON ELECTRIC COOPERATIVE INC
- **Address:** 8925 STATE HIGHWAY 111, GANADO, TX, 77962-8628
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Jobs reported:** 90
## 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*