# PPP loan: NIOBRARA ELECTRIC ASSOCIATION
> **$471K** approved 04/30/2020 · Paid in Full · Loan `7602747308`
## Borrower
- **Name:** NIOBRARA ELECTRIC ASSOCIATION
- **Address:** 3951 US Highway 20, LUSK, WY, 82225-0001
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $473K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Utilities:** $25K
- **Health care:** $120K
- **Debt interest:** $10K
- **Jobs reported:** 23
## Lender
- **Originating:** Sandhills State Bank
- **Servicing:** Sandhills State Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*