# PPP loan: STATELINE COOPERATIVE
> **$1.89M** approved 04/08/2020 · Paid in Full · Loan `8265997000`
## Borrower
- **Name:** STATELINE COOPERATIVE
- **Address:** 120 Walnut St, BURT, IA, 50522-7738
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.89M
- **Initial approval:** $1.89M
- **Forgiven:** $1.90M (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Mortgage interest:** $124K
- **Utilities:** $135K
- **Health care:** $159K
- **Jobs reported:** 135
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*