# PPP loan: CUMBERLAND VALLEY ELECTRIC, INC.
> **$1.12M** approved 05/19/2020 · Paid in Full · Loan `8813907400`
## Borrower
- **Name:** CUMBERLAND VALLEY ELECTRIC, INC.
- **Address:** 6219 NORTH US HIGHWAY 25E, GRAY, KY, 40734-6583
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Jobs reported:** 49
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*