# PPP loan: 21ST CENTURY COOPERATIVE
> **$587K** approved 04/07/2020 · Paid in Full · Loan `7617737003`
## Borrower
- **Name:** 21ST CENTURY COOPERATIVE
- **Address:** 130 MAIN ST, CUMBERLAND, IA, 50843-9900
- **NAICS:** 493130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Mortgage interest:** $18K
- **Utilities:** $6K
- **Jobs reported:** 52
## Lender
- **Originating:** Houghton State Bank
- **Servicing:** Houghton State Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*