# PPP loan: COVINGTON ELECTRIC COOPERATIVE INC
> **$1.70M** approved 03/12/2021 · Paid in Full · Loan `9572608501`
## Borrower
- **Name:** COVINGTON ELECTRIC COOPERATIVE INC
- **Address:** 18836 US Highway 84, Andalusia, AL, 36421-8777
- **NAICS:** 926130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.70M
- **Utilities:** $1
- **Jobs reported:** 67
## Lender
- **Originating:** CCB Community Bank
- **Servicing:** CCB Community Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*