# PPP loan: ILLINOIS ELECTRIC COOPERATIVE
> **$1.04M** approved 05/20/2020 · Paid in Full · Loan `9431777408`
## Borrower
- **Name:** ILLINOIS ELECTRIC COOPERATIVE
- **Address:** 2 SOUTH MAIN ST, WINCHESTER, IL, 62694-1218
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Jobs reported:** 51
## Lender
- **Originating:** CoBank ACB
- **Servicing:** CoBank ACB (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*