# PPP loan: NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES
> **$498K** approved 03/25/2021 · Paid in Full · Loan `9349518604`
## Borrower
- **Name:** NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES
- **Address:** 3201 Nygren Dr NW, Mandan, ND, 58554-1480
- **NAICS:** 813910
- **Business type:** 501(c)6 ¿ Non Profit Membership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $500K (100%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $498K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Starion Bank
- **Servicing:** Starion Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*