# PPP loan: FARMERS COOPERATIVE SOCIETY NO. 1 OF WELLINGTON TEXAS
> **$280K** approved 03/23/2021 · Paid in Full · Loan `7176298601`
## Borrower
- **Name:** FARMERS COOPERATIVE SOCIETY NO. 1 OF WELLINGTON TEXAS
- **Address:** 16250 Highway 203, Wellington, TX, 79095-5016
- **NAICS:** 115111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $280K
- **Utilities:** $1
- **Jobs reported:** 91
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*