# PPP loan: HANCOCK COUNTY COOPERATIVE OIL ASSOCIATION
> **$300K** approved 04/07/2020 · Paid in Full · Loan `7370927009`
## Borrower
- **Name:** HANCOCK COUNTY COOPERATIVE OIL ASSOCIATION
- **Address:** 615 W US HIGHWAY 18, GARNER, IA, 50438-1019
- **NAICS:** 813910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Mortgage interest:** $10K
- **Utilities:** $65K
- **Jobs reported:** 43
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*