# PPP loan: LACREEK ELECTRIC ASSOCIATION INC
> **$592K** approved 03/26/2021 · Paid in Full · Loan `9623188605`
## Borrower
- **Name:** LACREEK ELECTRIC ASSOCIATION INC
- **Address:** 121 N Harold St, Martin, SD, 57551-8903
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $592K
- **Initial approval:** $592K
- **Forgiven:** $593K (100%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $592K
- **Jobs reported:** 29
## Lender
- **Originating:** Security First Bank
- **Servicing:** Security First Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*