# PPP loan: SIERRA ELECTRIC COOP
> **$254K** approved 04/28/2020 · Paid in Full · Loan `8531027202`
## Borrower
- **Name:** SIERRA ELECTRIC COOP
- **Address:** P O Box 290, Elephant Butte, NM, 87935
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of the Southwest
- **Servicing:** Bank of the Southwest (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*