# PPP loan: KIT CARSON ELECTRIC COOPERATIVE, INC
> **$1.29M** approved 04/09/2020 · Paid in Full · Loan `9060277008`
## Borrower
- **Name:** KIT CARSON ELECTRIC COOPERATIVE, INC
- **Address:** 118 Cruz Alta Road, TAOS, NM, 87571-6490
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Jobs reported:** 500
## Lender
- **Originating:** Centinel Bank of Taos
- **Servicing:** Centinel Bank of Taos (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*