# PPP loan: SEMO ELECTRIC COOPERATIVE
> **$1.28M** approved 04/09/2020 · Paid in Full · Loan `9527797005`
## Borrower
- **Name:** SEMO ELECTRIC COOPERATIVE
- **Address:** 1505 South MAIN ST, SIKESTON, MO, 63801-9379
- **NAICS:** 237130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Rent:** $100K
- **Utilities:** $100K
- **Health care:** $55K
- **Jobs reported:** 57
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*