# PPP loan: SOUTHWESTERN ELECTRIC COOPERATIVE, INC.
> **$217K** approved 06/05/2020 · Paid in Full · Loan `8315627810`
## Borrower
- **Name:** SOUTHWESTERN ELECTRIC COOPERATIVE, INC.
- **Address:** 216 MAIN ST, CLAYTON, NM, 88415-3042
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $218K (100%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $54K
- **Jobs reported:** 16
## Lender
- **Originating:** First Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*