# PPP loan: EASTERN ILLINI ELECTRIC COOPERATIVE, INC.
> **$1.30M** approved 05/19/2020 · Paid in Full · Loan `8873937400`
## Borrower
- **Name:** EASTERN ILLINI ELECTRIC COOPERATIVE, INC.
- **Address:** 330 W OTTAWA RD, PAXTON, IL, 60957-1624
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.28M (98%)
- **Forgiveness date:** 01/12/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 54
## 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*