# PPP loan: SHELBY ELECTRIC COOPERATIVE
> **$1.20M** approved 05/18/2020 · Paid in Full · Loan `8572297405`
## Borrower
- **Name:** SHELBY ELECTRIC COOPERATIVE
- **Address:** 1355 STATE HIGHWAY 128, SHELBYVILLE, IL, 62565-4625
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 49
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*