# PPP loan: APPALACHIAN ELECTRIC COOPERTIVE
> **$2.66M** approved 04/15/2020 · Paid in Full · Loan `9311067108`
## Borrower
- **Name:** APPALACHIAN ELECTRIC COOPERTIVE
- **Address:** 1109 Hill Drive, New Market, TN, 37820-3832
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.66M
- **Initial approval:** $2.66M
- **Forgiven:** $1.64M (62%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.66M
- **Jobs reported:** 178
## Lender
- **Originating:** FirstBank
- **Servicing:** FirstBank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*