# PPP loan: OWEN ELECTRIC COOPERATIVE, INC
> **$1.99M** approved 05/16/2020 · Paid in Full · Loan `7288337402`
## Borrower
- **Name:** OWEN ELECTRIC COOPERATIVE, INC
- **Address:** 8205 Hwy 127 N, Owenton, KY, 40359
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.99M
- **Jobs reported:** 135
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*