# PPP loan: PEOPLES ELECTRIC COOPERATIVE
> **$1.50M** approved 03/25/2021 · Paid in Full · Loan `9091708604`
## Borrower
- **Name:** PEOPLES ELECTRIC COOPERATIVE
- **Address:** 1600 N Country Club Rd, Ada, OK, 74820-1824
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.50M (100%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 130
## Lender
- **Originating:** Vision Bank
- **Servicing:** Vision Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*