# PPP loan: COOPERATIVE ENERGY COMPANY
> **$1.30M** approved 04/08/2020 · Paid in Full · Loan `8406217005`
## Borrower
- **Name:** COOPERATIVE ENERGY COMPANY
- **Address:** 1708 Pierce Avenue, SIBLEY, IA, 51249-7091
- **NAICS:** 447110
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 11/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Health care:** $175K
- **Jobs reported:** 78
## Lender
- **Originating:** Sibley State Bank
- **Servicing:** Sibley State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*