# PPP loan: CHOCTAW ELECTRIC COOPERATIVE, INC.
> **$1.48M** approved 06/17/2020 · Paid in Full · Loan `7686947904`
## Borrower
- **Name:** CHOCTAW ELECTRIC COOPERATIVE, INC.
- **Address:** PO BOX 758, HUGO, OK, 74743-0758
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 67
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*