# PPP loan: RICH MOUNTAIN ELECTRIC COOPERATIVE, INC
> **$580K** approved 05/18/2020 · Paid in Full · Loan `8312747402`
## Borrower
- **Name:** RICH MOUNTAIN ELECTRIC COOPERATIVE, INC
- **Address:** 515 JANSSEN AVE, MENA, AR, 71953-3265
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Jobs reported:** 32
## Lender
- **Originating:** Union Bank
- **Servicing:** Union Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*