# PPP loan: BLACK RIVER ELECTRIC COOPERATIVE
> **$1.17M** approved 05/18/2020 · Paid in Full · Loan `8353297405`
## Borrower
- **Name:** BLACK RIVER ELECTRIC COOPERATIVE
- **Address:** 2600 HIGHWAY 67 PO BOX 31, FREDERICKTOWN, MO, 63645-7480
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 76
## Lender
- **Originating:** New Era Bank
- **Servicing:** New Era Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*