# PPP loan: GREAT LAKES ENERGY COOPERATIVE, INC
> **$6.41M** approved 04/28/2020 · Exemption 4 · Loan `7982237200`
## Borrower
- **Name:** GREAT LAKES ENERGY COOPERATIVE, INC
- **Address:** 1323 BOYNE AVE, BOYNE CITY, MI, 49712-8940
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.41M
- **Initial approval:** $6.41M
- **Forgiven:** $6.18M (96%)
- **Forgiveness date:** 01/28/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $6.41M
- **Jobs reported:** 268
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*