# PPP loan: NORTHCENTRAL ELECTRIC COOPERATIVE
> **$1.96M** approved 05/20/2020 · Paid in Full · Loan `9314857409`
## Borrower
- **Name:** NORTHCENTRAL ELECTRIC COOPERATIVE
- **Address:** 4600 NORTHCENTRAL WAY, OLIVE BRANCH, MS, 38654-5097
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Jobs reported:** 96
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*