# PPP loan: FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION
> **$1.10M** approved 04/08/2020 · Paid in Full · Loan `7910787006`
## Borrower
- **Name:** FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION
- **Address:** 504 BROADWAY ST, GLASGOW, KY, 42141-2504
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 59
## Lender
- **Originating:** Edmonton State Bank
- **Servicing:** Edmonton State Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*