# PPP loan: UNITED ELECTRIC COOPERATIVE
> **$1.44M** approved 04/09/2020 · Paid in Full · Loan `9270067002`
## Borrower
- **Name:** UNITED ELECTRIC COOPERATIVE
- **Address:** 401 NORTH US BUS HWY 71, SAVANNAH, MO, 64485
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Jobs reported:** 55
## Lender
- **Originating:** The Nodaway Valley Bank
- **Servicing:** The Nodaway Valley Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*